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MEMBER
AN INDEX TO
PAPER MONEY
VOLUME 32, 1993
Nos. 163-168
No. Page
Baumann K.S.
Numisart—an approach, illus 165 101
Bolirin Benny
Collecting branch signatures of the Bank of
the Slate of South Carolina, illus 164 67
Clark, Frank
Playboy changes stock certificate vignette, illus. 164 49
CONFEDERATE (see Counterfeits)
Cochran^ Bob
A (saw) buck is a (saw) buck, illus. .......... 163 29
Bank happenings. 164 66
167 165
The "'Spuri scope," illus. 167 160
The story of "Cranky Tom" Hale, illuSn ........ 165 86
The unwelcome guest, illus. 163 14
COUNTERFEITS
Counterfeits of the Confederate "Indian
family^ note, illus. Brent Hughes ,163 6
Counterfeits of the type 20 Confederate note,
illus, Brent Hughes 168 179
Frank Leslie's Confederate note, illus 165 90
facob Ott, champion printer of counterfeit
currency, Brent Hughes .163 12
Pete McCartney, counterfeiter,
part 1, illus - . 163 22
part 11, illus 164 43
Thomas F, Eagan 163 22
Some counterfeits of the clipper ship and
sailor Confederate note, illus. Brent
Hughes 167 149
The nearly perfect counterfeit note, illus. Brent
Hughes 164 51
The "Spuriscope/' illus. B. Cochran * . . . 167 160
The story of "Cranky Tom" Hale, illus. Bob
Cochran 165 86
Daniel, Forrest W.
Green goods game 164 68
166 127
Money tales .... 164 54
168 203
Post Office Department drafts for
iransponation, illus 164 65
The paper money laundry, illus 165 97
Eagan, Thomas F.
Pete McCaaney, counterfeiter part 1, illus 163 22
Pete McCartney, counterfeiter part II, illus. ... 164 43
Eilenbogen, Raphael
A syngraphic treasure, illus, 164 49
How to display your precious notes, illus. .... 167 153
ENGRAVERS, ENGRAVING & PRINTING
Armandina Lozano, illus. Gene Hessler 165 83
Clarence Kelker Young, letter engraver Gene
Hessler 164 69
Intaglio "spidef' hand press 166 130
Fawcett, Wald on
laundering our paper money, illus 165 95
Fisher Jack H.
Carmi A. Thompson, illus 166 120
No. Page
Researching national banks and bank notes,
illus. 168 184
Secretary of the treasury and (later) chief
justice of the U.S., Fred M. Vinson, illus, .163 3
FRACTIONAL CURRENCY
The story of "Cranky Tom" Hale, illus. Bob
Cochran 165 86
Friedberg, Milton R.
Catalog of enveloped postage, illus. 168 188
Grant, David
iTie Banker's World Fair National Bank of St.
Louis, illus 163 18
Hatfield, Robert D.
What is a "bank" 165 89
Hessler, Gene
Armandina Lozano (engraver), illus ,165 83
Clarence Kelker Young, letter engraver 164 69
Charles Schlechfs Minerva, illus. 167 158
Some currency models and their engravers,
illus 166 124
Tlie buck starts here ... 166 133
167 148
168 199
Hughes, Brent
Another Confederate contract printer?, illus. . . 166 128
Counterfeits of the Confederate "indian
family" note, illus 163 6
Counterfeits of the type 20 Confederate note.
illus 168 179
Frank Leslie's Confederate note, illus 165 90
Jacob Ott, champion printer of counterfeit
currency . 163 12
Some counterfeits of the dipper ship and
sailor Confederate note, illus 167 149
The nearly perfect counterfeit note, illus. .... 1 64 51
H untoon, Peter
Brown backs, a cheap and open design, illus. .167 147
The paper column
Arizona, series of 1929 national bank notes,
illus. 164 55
Engraved and overprinted signatures on series
of 1902 national bank notes, illus 168 200
Matched series dates and charter numbers on
national bank notes, illus. 163 10
National bank note sheets with bank serial
number 1000000, illus. 165 100
The original series national bank note part
plate printings of 1873-1875, illus. 166 115
Lloyd, Robert
Syngraphic vignettes 165 103
167 165
MILITARY PAYMENT CERTIFICATES
Some currency models and their engravers,
illus. G. Hessler 166 124
NEW LITERATURE
A catnlog of Nevada checks^ D. McDonaid 168 206
Collecting paper money for pleasure profit, B.
Krause 164 74
No. Page
Collecting luorld paper tnoney, Lance Campbell ..168 206
Confederate and Southern States currency, G.
Criswell 165 105
Confederate states paper money', A. Slabaugh . ... 167 167
Western history, a guide to collecting,
A. A. Anderson 166 137
Territoriai Fhrida banks Si hanking, C. Gresham .166 137
The comprehensive catalog of ll.S. paper money',
G, Hessler 164 74
The wonder fid world of paper money, N. Shafer .. 1 63 30
Oakes, Dean
Iowa obsolete notes and scrip, illns 168 192
OBSOLETE NOTES & SCRIP
Collecting branch signatures of the Bank of
the State of South Carolina, illus. Benny
Bolin 164 67
Iowa obsolete notes and scrip, illus. Dean
Oakes 168 192
The buck starts here, illus. Gene Messier 167 148
168 199
POSTAL NOTES
The first and last postal notes 1883-1894,
dlus. Charles Surasky 167 154
Remick, jerry
Collecting one bank note from each country . , 166 131
STOCK CERTIFICATES & BONDS
Charles Schlechfs Minerva, illus. Gene Hessler 167 158
Playboy changes stock certificate vignette, illus.
Frank Clark 164 49
Surasky, Charles
The first and last postal notes 1883-1894,
illus 167 154
U.S, LARGE‘S1ZE NOTES
Carmi A, Thompson, illus, lack M. Fisher 166 120
The paper money laundry, illus. Forrest W,
Daniel 165 97
U.S. NATIONAL BANKNOTES
Researching national banks and bank notes,
illus. Jack H. Fisher 168 184
The Banker's World Fair National Bank of St.
Louis, illus. David Grant 163 18
The paper column (see Peter H untoon)
WORLD PAPER MONEY
Collect one bank note from each country, ferry
Remick 166 131
Some currenc}^ models and their engravers,
illus. G. Hessler 166 124
SOCIETY OF PAPER MONEY COLLECTORS
Award winners at ANA 167 169
No. Page
Award winners at Memphis 167 169
New members of the SPMC board , , 165 105
Editor's corner 164 72
In memoriam
Hank Bieduk ...... 163 30
George Cole 166 137
lames J. Curto 166 137
Dr Darryl Kinnison . 167 169
C. Dale Lyon 164 70
M. Clay Perdue 166 137
Robert H.L. Russell 166 137
Meet your charier members 163 31
164 75
165 104
167 166
168 206
New members 163 32
164 73
165 106
167 170
168 208
Noted & passed 163 30
165 104
166 134
Notes from all over 167 166
168 204
SPMC Statement of operations 168 204
NOW AVAILABLE
SPMC member Bob Cochran has generated a listing of all
known coLinterfeit national bank notes reported between 1863
and 1935. Included are First, Second and Third Charter notes,
and, for the first time, a listing of reported Series 1929
counterfeits.
The listing is o^ga^i^ed by denomination, and alphabeti-
cally by state within each denomination. Each note listed is
described as it was in the original published source. The listing
is bound securely, so you can easily take it with you to shows
and meetings. If youVe ever been "stuck" with a note you
thought was genuine, this booklet could easily pay for itself in
just one transaction.
The price of each booklet is $9.95, which includes first-class
postage. All proceeds from the sale of these booklets go to the
Society of Paper Money Collectors. Make checks payable to
SPMC, and mail to: Bob Cochran, PO Box 1085, Florissant,
MO 63031.
IMPORTANT ANNOUNCEMENT
SPMC is implementing a change in the delivery of Paper Money.
This change now means that it is more important than ever for members
to notify the Secretary if their address changes.
We no longer guarantee to pay the return postage charges if the
Postal Service cannot deliver Paper Money. SPMC members will have a
MAXIMUM of 60 days after an address change to notify the Secretary of
their new address .
Any members who fail to send in an address change may miss
delivery of one or more issues of Paper Money. Since SPMC will no
longer pay the return postage, the Postal Service will throw away
copies of Paper Money they cannot deliver.
If a member moves and does not leave a forwarding address within
60 days, and that member misses an issue of Paper Money, SPMC will NOT
furnish a replacement copy for free. The member will be required to
pay $3.75 for the first replacement copy. If the Secretary receives a
"No Forwarding Address" for any member, mailings of Paper Money to that
member will be suspended until the member contacts SPMC.
Remember: You pay your annual dues IN ADVANCE. If you miss an
issue of Paper Money, it's your fault or that of the Postal Service.
It's in YOUR best interests to notify the Secretary if your address
changes. It would be really nice if you could give SPMC at least 4
weeks advance notice .
AS IN THE PAST, SPMC WILL NOT - REPEAT, NOT - RECORD TEMPORARY
ADDRESS CHANGES! IF YOU SPEND THE SUMMER UP NORTH AND THE WINTER DOWN
SOUTH, PLEASE ARRANGE TO HAVE YOUR MAIL PICKED UP AND HELD FOR YOU, OR
HAVE YOUR MAIL PICKED UP AND FORWARDED TO YOUR TEMPORARY ADDRESS.
REMEMBER, I WON'T BE GETTING YOUR ISSUES BACK ANY MORE. IF THEY'RE
THROWN AWAY BY THE POSTAL SERVICE, YOU'LL HAVE TO BOY REPLACEMENTS!
If you have any questions or concerns about this new policy,
please contact the Secretary as soon as possible. I've spent quite a
bit of time over the past 7+ years "tracking down" members who move and
expect SPMC to find them. The members who do this cost the rest of us
several hundred dollars in postage charges each year, and we shouldn't
be holding their hands anymore. Anyone who can't take 2 minutes to
fill out an address change on a 19 -cent postcard and send it to SPMC
doesn't deserve any sympathy or extra effort.
Bob Cochran
Secretary , SPMC
P.O. Box 1085
Florissant, MO 63031
Paper Money Whole No. 168
Page 177
PAPHR MONEY IS published ever>' other
month beginning in Januai}^ by The Society
of Paper Money Collectors. Second class
postage paid at Dover, DE 19901. Postmaster
send address changes to: Bob Cochran,
Secretary, RO. Box 10S5, Florissant, MO
63031.
® Society of Paper Money Collectors, Inc.,
1993. All rights reserved. Reproduction of
any article, in whole or in part, without ex-
press written permission, is prohibited.
Individual copies of this issue of PAPER
MONEY are available firom the Secretary for
$2.75 each plus $1 postage Five or more
copies are sent postage free.
ADVERTISING RATES
SPACE
Outside
Back Cover
Inside Front &
Back Cover
Full Page
Half-page
Quaner-page
Eighth -page
1 TIME 3 TIMES 6 TIMES
$152 $420 S825
S145 $405 $798
S140 $395 $775
$75 $200 $390
$38 $105 $198
$20 $55 $105
To keep rates ai a minimijm, advertising must be
prepaid in advance according to the above sched*
ule. In exceptional cases where special artwork or
extra typing are required, die advertiser will be no-
tified and billed extra for them accordingly.
Rates are not commissionable. Proofs are not
supplied.
Deadline: Copy must be in the editorial office no
later than the 1st of the month preceding issue
(e.g., Feb. I for Marc h/April issue). With advance
notice, camera -ready copy will be accepted up to
three weeks later
Mechanical Requirements: Full page 42-57 picas:
half-page may be either vertical or horizontal in
format. Single column width, 20 picas. Halftones
acceptable, but not mats or stereos. Page position
may be requested but cannot be guaranteed.
^\dvertising copy shall be restricted to paper cur*
rency and allied numisrnatic material and publi-
cations and accessories related thereto. SPMC does
not guarantee advertisements but accepts copy in
good faith, reserving the right to reject objection-
able material or edit any copy
SPMC assumes no financial responsibility for
typographical errors in advertisements, but agrees
to reprint that portion of an advertisement in
which typographical error should occur upon
prompt notification of such error.
All advertising copy and cone.spondence should
be sent to the Editor.
Officia} Bimonthly Publication of
The Society of Paper Money Collectors, Inc,
Voh XXXll Mo, 6 Whole No, 168 NOV/DEC 1993
ISSN 0031-1162
GENE HESSLER, Editor
P,0. Box 8147
St. Louis, MO 6315G
Manuscripts, not under consideration elsewhere, and pubUcaiions
for review should be addressed to the Editor. Opinions expressed
by the authors are their own and do not necessarily reflect those of
the SPMC or its staff PAPER MONEY reserves the right to reject any
copy Manuscripts that are accepted will be published as soon as pos-
sible. However, publication in a specific issue cannot be guaranteed.
IN THIS ISSUE
COU-NTTERFEITS OF THE TYPE 20 CONFEDERATE NOTE
Brent Hughes 179
RESEARCHING NATIONAL BANKS AND BANK NOTES
lack H. Fisher ■ . 184
CATALOG OF ENVELOPED POSTAGE
Milton R. Friedberg 188
IC9WA OBSOLRrE NOTES AND SCRIP
Dean Oakes 192
THE BUCK STARTS HERE: A PRIMER FOR COLLECTORS
Gene Messier * .199
THE PAPER COLUMN
ENGRAVED AND OVERPRINTED SIGNATURES ON SERIES
OF 1902 NATIONAL BANK NOTES 200
MONEY TALES
Forrest W. Daniel 203
SOCIETY FEATURES
NOTES FROM ALL OVER
SPMC STATEMENT OP OPERATIONS
MEET YOUR CHARTER MEMBERS . .
NEW LITERATURE
CALL FOR NOMINATIONS
NEW MEMBERS
MONEY MART
. . . . 204
. ... 204
. ... 206
. ... 206
. ... 207
, . . . 208
, . . , 208
ON THE COVER: William McKinley 25th President of the United States was bom
150 years ago on lanuaiy 29th. This poruait was engraved by G-EC. Smillie.
Inquiries concerning non-delivery of PAPER MONEY and for additional copies
□f this issue contact the Secretary; the address is on the next page.
ANA-LM
SCNA
PCDA
SPMC-LM
BRNA
FUN
Paper Money Whole No. 168
Page 179
ounterfeits of the
ON FEDERATE
Type 20
NOTE
by BRENT HUGHES
Blanton Duncan was the paper money contractor
that Confederate Treasury Secretary Christopher
Memminger wished he had never met. Shrewd, ar-
rogant and overbearing on the one hand, Duncan
was efficient and perceptive on the other. To his
credit he turned out an enormous amount of cur-
rency and bonds under conditions that would have
defeated a lesser man. In the process he became a
bitter enemy of Memminger and tried his best to
destroy him.
Dr. Douglas Ball provided a detailed account of
Duncan's career in the September 1978 issue of
Note Reporter from which 1 will provide a brief
summary.
UNCAN came from a wealthy Kentucky family With
his own money he raised a company of volunteers
and offered their services to the Confederacy. He and
his men fought in the first battle of Manassas, but Duncan had
ambitions beyond the battlefield. Never a shrinking violet, he
celebrated his own birthday on July 2. 1861 by sending a check
for $500 to Secretary Memminger Tor the Southern cause"
Memminger tended to be stingy and this gift impressed him
so much that he invited Duncan to drop by his office if he ever
came through Richmond. A month later Duncan showed up,
and in the ensuing conversation he found the Secretary was in
desperate need of paper on which currency could be printed.
It was typical of Duncan that he would volunteer to locate
the needed paper and he left to go searching. True to his
promise he delivered 350.000 sheets of good quality paper
from a Tennessee mill. Memminger was pleased and saw an
opportunity to introduce some competition for Hoyer &
Ludwig who were charging $15 per thousand sheets to print
currency. Duncan accepted the invitation to set up a printing
plant in Richmond using printers from England and equip-
ment supplied by Memminger
In a short time he began to print notes for $12 per thousand
sheets. This pleased Memminger, of course, but made Hoyer ^
Ludwig most unhappy. Duncan was not an engraver or printer
so he had to learn quickly. Charles Ludwig wasn't about to loan
Duncan any of his huge stock of vignettes and other design
components so the new contractor had to start from scratch
with original designs.
They were considered ugly by most people who were hoping
for something better, but at least they helped solve a critical
shortage of paper money among Southern citizens. Dr. Bail
pointed out that Duncan had only about twenty employees,
yet he turned out thineen million Confederate notes, 133,000
bonds and a large quantity of other paper items. Unfor-
tunately, the use of lithographic stones made it easy for coun-
terfeiters to copy Duncan's notes and their products soon
began to circulate.
All of the currency contractors had severe labor problems
caused by drunkenness, fist fights, arson and other bad be-
havior on the part of their employees. Duncan waded right in
and proved to be tougher than any of his men. He never hesi-
tated to have them thrown in jail to sober up, after which he
would let them know that they would be released only if they
went back to work.
Duncan resented civilian authority and made life miserable
for Memminger and his staff especially after the printing
plants were moved to Columbia, SC in April 1862. When he
was told to move he put on his tailor-made Confederate Army
colonel's uniform, hurried to Columbia and confiscated the
best building and printing equipment he could find as a "mili-
tary necessity." 'Lhus began a steady stream of problems for
Memminger and Joseph Daniel Pope, the civilian in charge of
the Treasury-Note Bureau in Columbia. Duncan misdirected
shipments consigned to other printers, hid paper supplies in
his attic and in general kept things in turmoil.
ft finally became too much for Memminger, who put
Duncan out of business by making it impossible for him to
turn a profit Duncan went down fighting, creating a situation
which made Memminger miserable for weeks.
Some idea of Duncan's cunning can be gained from an ac-
count of his activities when Sherman's army approached
Columbia late in the war Duncan had a beautiful home in
Columbia and correctly guessed that Shermaris troops might
want to burn it down. He became a member of the official dele-
gation that met Sherman's advance troops to surrender the city.
Taking one of the Union officers aside, Duncan offered his
home as Shermaris headquarters while he was in Columbia.
The offer was accepted and Duncan saved his home from
burning while dozens of other mansions went up in flames.
The subject of this article is the $20 note which Duncan
produced, now known as Criswell Type 20— Industry seated be-
hind large '20"'. A detailed description of the genuine note will
be followed by all the counterfeits known to me, with details of
how they differ from the genuine note,
Duncan's engraver had problems doing portraits and his ren-
dering of boyish-looking Alexander H. Stephens, the Con-
federate Vice-President, was not a good one. Nevertheless,
Duncan turned out a total of 2,834,257 of these notes in Rich-
mond and Columbia which provided the Treasury Department
with a desperately- needed five and a half million dollars.
Paper Moneys Whole No. 168
MitgNTafefliimBS
Criswell Type 20-$20. September 2, 1861 issue. Fe
tween Cupid and Beehive; A.H. Stephens at left. Femn
tn "First Series" "2 Series" and '3 Series" with printer'
lower right comer. The serial number is written in n
lype 20 Counterfeit Number One
This counterfeit is an excellent lithograph which is very deceptive. It was apparently printed in large quantities with the
words "FAC SIMILE CONFEDERATE NOTE" on the bottom margin^ far enough from the border line to be easily
trimmed oft This disclaimer allowed a legitimate printer to turn out such notes without fear of arrest for counterfeiting.
The specimen I have was printed with a very light impression in which the lines for the serial number and signatures
are barely visible. There are no serial number or signatures present.
The easiest way to detect this counterfeit is to lay it on top of a genuine note: this quickly shows that the counterfeit
is shorter. The only reason for this difference that 1 can think of is that the paper available may have been too
narrow to make it full size.
The face of hiiiustr)' is different, with an obvious part in her hair. The thumb on her left hand is too thin and the
flower near her left foot is different in shape. Shading behind Cupid's caduceus is missing and Cupid's face is not round
as it is on the genuine. There are fewer staves in the barrel near the anchor in the Hope vignette than there are on the
genuine.
There is no indication of who printed this note but it must have been produced and sold in the same manner that
Sam Upham marketed his copies. It is found with primed signatures with the serial number space left blank. It may have
been sold with printed serial numbers also, as many counterfeits were. For that reason one should never make a flat
statement that such a note is never found without certain elements*
Paper Money Whole No. 16B
Page 181
Counterfeiters print shops were often raided and all such notes found in the shop burned immediately. There may
have been printers with a legitimate print shop out front and a counterfeiting setup located in the basement or in an-
other building concealed from public view
Another situation to avoid is the belief that all counterfeits have been found and that no new discoveries will be
made* Many such notes were concealed inside walls of old buildings and every redevelopment project uncovers new
items. For that reason collectors should contact the companies in their area that demolish old buildings and offer to
buy anything in the currency line that might show up* I have found that this is more fniitful than wandering around
aimlessly with a metal locator looking for buried treasure. Needless to say, readers of PAPER MONEY would be in-
terested in any currency that you might turn up in this manner*
fT w mmi dTCAUsR
Type 20 Counterfeit Number One-A
This is the same counterfeit as the previous one except that the signatures of W. Hancock and A.W. Gray are printed.
Someone filled in the serial number 90033 in red ink to make it appear genuine. It was passed into circulation but was
quickly delected and mutilated with a heavy 'X made with pen and brown ink a common method of denoting counter-
feits when a rubber stamp was not available* The note is "FIRST SERIES," plate number 6*
Since the genuine note with serial number 90033 was signed by clerks ).M* Kinney and E*Q Goddin, we know im-
mediately that this note is spurious.
This note was listed by Philip Chase as his Cl-133 in the counterfeits section of his book Confederate Treasury Notes.
1 have numerous specimens of this counterfeit, all with the same printed signatures and written serial numbers.
One was printed on paper watermarked "J. Whatman," a famous English paper mill. The paper could have been stolen
or it could have been bought at auction in a Northern port where cargo seized from Southern ships was sold by Union
officials.
Type 20 Counterfeit Number Two
This is another very deceptive counterfeit shown in Philip Chase's book as his C2-133. It is the same size as the genuine
note but has a classic error in that Stephens' shirt front extends too high on the right side* Otherwise the portrait is an
Page 182
Paper Money Whole No. 168
excellent copy. The top of the shading over Stephens' head is flattened rather than curved. Hope's eyes appear to be almost
crossed.
This specimen has forged signatures of D.C, Snyder and fW. jones in brown ink and serial number 74835 written
in red ink. TheThian Register shows the genuine note with this serial number was signed by Treasury clerks G.N. Warren
and H.C. Shook, so we know instantly that the note is not genuine.
1 have another specimen with serial number 16474 with the same forged signatures of Snyder and jones. Since the
public had no knowledge of the correct serial number/signatures combinations, this was not a problem for counter^
feiters who often chose serial numbers at random.
Type 20 Counterfeit Number Three
This counterfeit has excellent lettering but is easily detected by a major flaw in the portrait of Stephens. On the genuine
note there is a defininte cowlick over Stephen's right eye, which most counterfeiters copied. On this note there is no cow-
lick at all. The forehead is almost devoid of shading. In fact the entire face is too white.
This note is a lithograph on good paper. It has printed signatures of W.B. Walston andT.W. Belf Treasury clerks who
signed thousands of notes. The serial number 26138 is written in red ink. The note has two black-ink XOUNTERfElT
stamps on the face and two off-set stamps on the back. This indicates that the clerk who did the stamping was marking
a large quantity of notes and was stacking them faster than the ink could dry. This happened when a large quantity of
counterfeits was seized before being circulated, but in this case the note saw some circulation before being detected. This
counterfeit is listed by Chase as his C4-133.
Type 20 Counterfeil Number Four
I do not have a specimen of this counterfeit in my collection, Philip Chase lists it in his book where he describes it as
follows:
It is a lithograph like the genuine, with "FIRST SERIES" and plate number 2, The printer's legend at lower
right says"B. Duncan, Columbia, S. C" instead of"B. Duncan, Richmond," which appears on most counterfeits.
An unusual feature of this note is that it is longer than the genuine note, whereas most counterfeits are shorter.
Chase lists this note as his C3-133 and does not tell us if the signatures are written or printed, nor does he mention the
serial number. He says that the shading is lighter all over the note, particularly so in the background behind the portrait
of Stephens. The ornamentation in the comers around the portrait is different from the genuine. Cupid's mouth is also
different and other elements in the vignettes are simplified.
From the specimens that I have examined or have records of I would guess that the counterfeits with the
"Columbia, S.C" legend are much scarcer than the "Richmond" varieties. If anyone has this counterfeit 1 invite him to
write meat 781 Seay Road, Inman, S.C. 29349 enclosing a photocopy. Such photocopies will enable me to complete my
listing. Suitable acknowledgement will be made in PAPER MONEY in a future update.
Paper Moneys Whole No. 366
Page 183
V.Vi^'|'’'^V'
In-C^'''" '
’■A
Even expert engraver Charles
Keatinge of Kemnge ^ Bail could
»of do much the uvij' of a portrait
of Stephens. A3f of the engravers
tried to make him look more mature
even though Stephens himself said
that he had ahoays looked 1}oyish!'
Portrait of Stephens by Blanton
Duncan's engraver.
This photograph of Alexander Mamikon Stephens was made !» 1667 iWien he
was fifty-five years old. Stephens a m^ntiif^ranr fjur a physical
Sitfe3j^rt3/ 3irj life, he weighed less than 100 pounds and suffered from angina,
bladder stones, migraine headaches, pneumonia, arthritis, sciatica and colitis,
in his joiirnai he described himself as "a malforyyied. ill-shaped, half finished
thing." in spite of his delicate condition he lived to the ripe old age of seventy-
one. quite an accomplishment in those fiayi.
1 .
Even expert engraver Charles Keatinge of Keatinge Bail could not do
i>i the way of a portrait of Stephens. All of the engravers tried to make him look
more mature even Stephens himself said that he had always looked
"boyish.
(Continued on page 198)
Page 184
Paper Money Whole No. J68
Our Heritage in Documents
Researching National Banks
and Bank Notes
by JACK H. FISHER, I© 1992
Y interest in collecting and researching coins, paper
money and stamps extends back to my early child-
hood in Kalamazoo, Michigan, where [ was fortu-
nate to have a city iibrary within one block of my home. I
began my research to provide facts and information not avaii*
able through conventional sources on paper money coins, cur-
rency systems, government and government officials, central
banks, private and national banks, legislation, and related sub-
jects. Countries of special interest were Canada, the Middle
East countries (especially British Palestine [Mandate Period]),
and the United States. I also have many specialized areas of in-
terest within these countries: for example, on various notes and
note- issuing banks in my home town of Kalamazoo and my
second home town of South Haven, Michigan,
The authority of these banks to funaion as national banks was
pursuant to the acts of the United Slates Congress of 1863 and
1864. National bank notes were issued by approximately four-
teen thousand different national banks from 1863 until 1935.
It has been estimated that these chartered national banks issued
about $17 billion in denominations from $l to and including
$1,000. In addition to these notes, the federal government also
issued paper money such as silver certificates, legal lender notes,
coin notes. Federal Reserve notes, and gold certificates, which cir-
culated side by side with the national bank notes.
National bank notes are so varied and diverse that collectors
of paper money often express the opinion that such national
bank notes are among the most interesting issues of the United
Stales paper money Collectors acquire national bank notes in
Mnit Xatiimall
////// //////////
'Yf/V/
South Haven. the .second home town, had only one batik that issued national bank notes. His search for
a South Haven nof^ ruifJ he now has ttao of three knoton issued by The First National Bank of South
Haven. The back shows the Landing of the Pilgrims.
Paper Money Whole No^ 168
Page 185
varied ways and for varied reasons. Some collect such notes is*
sued by banks that operated in the home town, home state,
home county, or region of the collector. Other collectors seek
notes issued by banks or ci ties that conta in the col 1 ectofs name
or country of origin. Some collectors seek notes issued in cer*
tain bank charter penods, such as first charter period notes;
others specialize in the notes of the second charter period or
the third charter period. The designs of the national bank notes
were different for each of these charter periods. This is one of
the reasons that so many serious paper money collectors are at-
tracted to national bank notes,
The passage of the National Banking Acts of 1863 and 1864
authorized the federal government to grant charters for banks
to function as national banks provided they met certain finan-
cial and other requirements. These banks were then supervised
by the federal government. Each bank was granted a charter
number and the name that had been requested and cleared
prior to the granting of the charter.
My grandparents arrived in die city of Kalamazoo shortly
after 1900, and my grandfather. Max Fisher, selected as the
Fisher family bank The Kalamazoo National Bank, which was
granted charter number 3211. I have a special interest in this
bank and its national notes. It was one of four Kalamazoo na-
tional banks issuing national bank notes.
National banks issued these national bank notes after they
received their charters. They could issue national bank notes in
amounts not to exceed 90 percent of the par value of United
States government securities, which each chartered bank was
required to deposit with the federal government as security for
the national bank notes it intended to issue. The national bank
notes issued by each individual bank had the name of the bank
printed on each note, the location of the bank, signatures of
the bank president and cashier, signatures of the federal
Treasury officials, the denomination, and the coat of arms of
the state on the back. Notes were Issued in different denomina-
tions depending on charter period of issue, but in one charter
period or another, notes were issued in denominations of $1,
$2, $5, $10, $20, $50, $100, $500, and $1,000.
These national bank notes were valid paper money all over
the United States, even though they were issued by many
different individual banks. All national bank notes were
produced by the Federal government with production proce-
dures virtually the same as for the federal Treasury issues of
paper money The designs on the national bank notes were the
same for all of the national banks for each denomination for
each series in each charter period. The only difference was that
the issuing bank had its own name, charter number (after the
original series), officers' signatures, and other features noted
above. Designs were changed from time to time for the first,
second, and third charter periods. These national bank notes
are still valid and can still be redeemed at face value.
The enjoyment of collecting national bank notes is en-
hanced by learning about the issuing bank from the time it was
organized up to the time that it ceased to operate as a result of
liquidation, merger, or absorption by another bank. It is also
enjoyable to obtain facts pertaining to national note-issuing
banks still in operation from the lime of organization to date.
Sources to obtain information about such national banks
are varied. I contacted libraries, historical societies, existing
banks, and many individuals in the area where the national
bank note-issuing bank operated or continues to operate. Pur-
suit for facts and material through these sources resulted in
some success, but in the main the results were insufficient and
inadequate. My research usually turned to the vast resources of
the National Archives. 1 obtained information and copies of
papers ranging from the correspondence to and from the or-
ganizers of each bank prior to and after organization through
to the actual organization documents, bank examiners' reports,
bank and government correspondence relative to the opera-
tion of the bank, and liquidation and related papers. The banks
1 researched for many years were banks that ceased to exist be-
fore 1900 or ceased to exist between 1900 and 1935.
It would require writing a lengthy book to set forth all of the
varied bank research projects I have successfully concluded to
date through the utilization of the National Archives. For this
article 1 have selected several research projects as representative
illustrations: The First National Bank of South Haven,
Michigan, and The Citizens National Bank of Winchester,
Kentucky.
The First National Bank of South Haven, Michigan, was and
is extremely important to me. It is the only national note-
issuing bank that had operated in South Haven. Very few of the
bank notes issued by this bank survived redemption or destruc-
tion. I searched for about twenty years before I was actually
able to locate and acquire even one of its national bank notes.
The acquired note is the $1 denomination with serial
number 38.
1 have regarded South Haven as my^'second home town" be-
cause my grandparents, Sussman V Gerber and Hattie Gerber,
owned and operated a general store there for thirty-six years.
They operated the store by themselves, but in the busy summer
season, I was the only employee. My duties over the years in-
cluded trips to the bank for deposits, change, and other er-
rands. The bank was only one-half block from the store. Their
bank was the successor bank to The First National Bank of
South Haven, so I was aware of this note-issuing bank from a
very early age.
My varied sources produced information that The First Na-
tional Bank of South Haven received charter number 1823
from the comptroller of the currency on May 22, 1871. It then
functioned as a national bank in South Haven, and it had the
authority to issue national bank notes. It issued 4,500 $1, 1,500
$2, and 12,500 $5 original issue notes plus 14,696 $5 1375 se-
ries notes. Federal records indicate that only $782 had not been
redeemed as of 1910. There is no way of knowing how many
notes may have been destroyed by fire or other causes. I know
of no notes redeemed since 1910, and only three notes are
known to exist at this time. 1 now own two of the three, which
includes one serial number 1 note.
This bank was chartered May 22, 1871, and was placed into
voluntary liquidation on December 31, 1889. It was succeeded
by the First State Bank of South Haven. Because this was a bank
chartered by the state of Michigan, it was not a national bank
with the authority to issue national bank notes.
The $1 note issued by The First National Bank of South
Haven with serial number 38 was issued on june 15, 1871, and
this date is printed on the note. The face of the note portrays
two young women at an altar. The back of the note portrays
"l^anding of the Pilgrims."
1 had many questions about the note, and some were an-
swered as a result of research in Michigan. The vast number of
unanswered questions, however, required me to utilize the
Civil Reference Branch of the National Archives. 1 was excited
and fascinated to obtain copies of the correspondence from
and to the organizers of this bank and the comptroller of the
currency, organizational papers, interim reports, liquidation
Page
Paper Money Whole No. 168
reports, and other material that enabled me to have documen-
tation from the beginning to the end of this chartered national
bank. Ail of this material obtained from the National Archives
made me feel as a prospector for gold must feel when the
mother lode is discovered.
The $50 denomination national bank notes issued during
the first charter period are regarded as being scarce to rare. It is
commonly believed by collectors and researchers that fewer
than seventy-five such notes still exist today. It was my goal for
many years to acquire at least one $50 first charter national
bank note for my collection. My search extended over many
years, and I did not limit myself to a note issued by any specific
bank or even to any specific city or state. It seemed at limes that
this search would not be successful since so few such $50 notes
escaped redemption or destruction, and many of those that are
known to exist are in museums or in private collections.
I finally succeeded in locating and acquiring a $50 original
series first charter national bank note issued by The Citizens
National Bank of Winchester, Kentucky dated June 15, 1875.
The bank was granted charter number 2148 as of May 29, 1874.
This note is the only one known to exist issued by this bank in
the $50 denomination. 1 consider it rarer than most of the
other known first charter $50 notes because this note was is-
sued by a smalUtown southern bank in the original series while
most of the other known $50 first charter notes were issued by
northern banks with the later first charter series of 1875. The
face of this $50 note portrays George Washington crossing the
Delaware River at the left and at the right Washington kneeling
and praying. Ihe back of the note portrays the "Embarkation of
the Pilgrims"
My curiosity and desire for information pertaining to this
$50 note, the Kentucky issuing bank, organizers of the bank,
the community ofWinchester, and all other pertinent informa-
tion was great. I received excellent cooperation from many
Kentucky sources about many aspects of Winchester, Kentucky,
but information and documents pertaining to the bank itself
were quite inadequate.
1 contacted the Civil Reference Branch of the National Arch-
ives for records pertaining to The Citizens National Bank of
Winchester. It was exciting to reconsimci most of the history of
the bank through copies of the correspondence between bank
organizers and bank officials to and from the comptroller of
the currency both before and after organization, organization
papers, documents, bank examiners' reports, and papers per-
taining to the liquidation of the bank. I even learned more facts
pertaining to Dr. Washington Miller, the principal organizer of
this bank. Dr, Miller had a bank building constructed around
1887 with an ornate stone doorway sculpted with profiles of
his two daughters. ) just had to know more about a bank or-
ganizer who would have the profiles of his two daughters
carved into the bank entrance while he was bank president.
The building is no longer a bank, but the ornate entrance with
the two profiles of the girls still exists today.
1 integrated all of the material I obtained from the National
Archives with the Kentucky research material. My enjoyment of
this rare $50 first charter note is greatly enhanced now that it
Drpo.si reU ivji tiiiiiU iiiiUnL r
^ Xaliotial ltenk<*Pi
P “t » rant i waif
This Winchesiej, Kentucky, S5D ftr&i charter period rjoif? is rare. The face shotos Washington Grassing the Delaware and
Prayer far Victory. The hflch portrays Entharh^Hon of the Pilgrims.
Paper Mone}' Whole No. J68
Page 137
' -
jrun* Dll liars
The iiurftor"i paternal grandparents moivjrf m Kalamazoo just after 1900 and became customers of The Kaiatnazoo National
Bank. This 55, second charter period note President James Garfield.
A third charter note from the Kalamazoo National Bank Thist Company i/j 011^5 President S. Harrison.
has a personality, charaaer and history distina and unique from
any other $50 first charter national bank note.
For many years I researched national banks that ceased to exist
more than fifty years ago. It became obvious to me tliat local and
state sources where such national banks operated were usually
adequate only for information pertaining to the community
where the bank operated. These sources were usually quite in-
adequate for more detailed information and documents. The Na-
tional Archives proved to be the bonanza and gold mine for
records and documents concerning many aspects of these early
national banks from their start until the time that they ceased
to operate.
There were four national bank-note-issuing banks that oper-
ated in my "home-town'' of Kalamazoo, Michigan, These con-
sisted of The Michigan National Bank of Kalamazoo (charter
1359}, The City National Bank of Kalamazoo (charter 3210), The
Kalamazoo National Bank of Kalamazoo (chaaer 3211), and The
First National Bank of Kalamazoo (charter 191), All of these
banks ceased to exist more than fifty years ago with the excep-
tion of The First National Bank of Kalamazoo (charter 191),
which is still in operation. (The name of this bank was changed
to First National Bank and Trust Company of Kalamazoo and
currently is known as First of America Bank-Michigan.)
It was when 1 decided to research this currently operating
Kalamazoo bank and a number of other functioning national
banks in other stales that I was informed by officials at the Na-
tional Archives that records and information pertaining to
these banks were restricted and not available. When the comp-
troller of the currency transferred these records to the custody
of the Archivist of the United Stales several decades ago, he im-
posed a specific restriction that limited access to most records
less than fifty years old and all records of operating institu-
tions. 1 requested a review of this policy.
With the passage of the Freedom of Information Act, access
10 the records of the comptroller of the currency and to all
other records of the executive branch of the federal govern-
ment, became subject to the provisions of this statute. The law
provides a statutory right of access to most records of the
government. It does recognize the need in certain specific in-
stances for keeping documents dosed. Anyone researching the
records of banks should be aware that information that would
invade the privacy of an individual or hinder law enforcement
proceedings will not be released by the National Archives. In
addition, section (b)(9) of the Freedom of Information Act
prohibits the release of information "comained in or related to
examination, operating or condition reports prepared by on
behalf of or for the use of an agency responsible for the regula-
tion or supervision of financial institutions."
The National Archives advised me that, with the passage of
the Freedom of Information Act, some of the records of certain
still-operating national banks would no longer be withheld be-
(C^ntinued on page 203)
Page
Paper Sdoney Whole No. 168
Catalog of Enveloped Postage
by MILTON R. FRIEDBERG
HE CiviJ War shortages of small coins has been well
documented in many articles dealing with the causes
and effects of the shortage of circulating specie. Those
articles essentially discuss the remedies of U.S. postage stamps,
fractional currency, obsolete fractional bank notes, script and
encased postage^ An often overlooked short term solution was
the very effective use of "enveloped postage," which are small
envelopes with postage stamps inside. They were issued pri-
vately during 1862 and were an effective but short-lived solu-
tion to the shortage of coins.
"Enveloped postage" consisted of small coin or "apothecary"
envelopes, usually about 114" tall and 2 Vi" wide, although var-
ious sizes exist. They were usually made of white stock with an
ungummed flap. In some examples the back and flap are
printed as well as the face of the envelope. The messages vary
from a simple statement of the value of enclosed postage
stamps to extensive advertising messages for both the commer-
cial supplier of the enveloped postage and the printer of the
envelope.
The envelopes had the distinct advantage of protecting the
enclosed postage stamps from the elements and dirt and wear
caused by direct handling of the stamps. They also had the
great disadvantage of having to be opened and inspected for
the correct value. Some of the currently existing examples have
the printed value obliterated and replaced with a handwriiien
value. In most cases the new value is a higher amount and was
obviously used to supply an amount of change not available at
the time in a printed envelope. However, others are known
with values reduced and possibly are the result of a dishonest
user or the need for an amount not in printed envelopes.
Since a few of the envelopes are the exact size of the "apothe-
cary' envelopes used by druggists to dispense pills, it is some-
times very doubtfttl that the envelope was really used for
"enveloped postage," The number written on the outside of the
en velope could easily have been the price of a prescription, but
25 cents was very high for just a few pills in 1862. Those
"apothecary envelopes without a value are very suspect.
The real reason for the short-lived span of the "enveloped
postage" is most likely the visibility of the contents of Gaulfs
encased postage and the appearance of more readily available
slocks of postage currency from the U.S. Treasury,
Most of these pieces are rarely seen and none of them are
known in quantities measured in dozens. Those listed in the
accompanying catalog are unique with a few envelopes listed
With multiple owners. Many items are listed with incomplete
descriptions since the previous writers did not supply sufficient
data to completely list the items. The author would welcome
data and descriptions of items not listed here.
Bibliography
Drowne, H.R. {1918). American Journal of Numismatics, VoL Lll,
reprinted in The Numismatist May 1920.
Hoober, RT. (April 1961). The Numismatist.
This copy was generated from a computer disc Although there was an attempt to be stylistically
consistent, there could be variations, (ed.)
Explanation of listing order:
Envelopes alphabetically listed by User as preference, then by Printer, and if neither are available then by the Commentary and
finally by any other criteria available as indicated by the underlined heading. Note the key word is in bold type to help you find
it quickly. The bold type does not indicate the printed matter is also in bold.
Explanation of conventions and abbreviations:
(Mss) = Hand Written = Mss or Manuscript
(NYC) = City believed to be New York,
(NY) = Slate believed to be New York,
Dimensions are given in millimeters with horizontal dimension first following paper color.
Pedigree refers to the source of information such as the last known owner. Auction Catalog, or famous collection.
Key to Pedigree listings:
COLE = Bowers & Ruddy 1/23/1986 auction sale of Ezra Cole collection.
DROWNE = Amer, Jour, Numismatics Vol. Lll, 62, (reprinted in The Numismatist, May 1920), author Henry Russell Drowne
HOOBER = April 1961. 437, author Richard T Hoober.
KRAUSE = Standard Catalog of United States Paper Money.
MOREAU = Bowers Ruddy March 1985 auction sale of Moreau collection.
PROSKEY = Bowers ^ Ruddy March 1985 auction sale of Proskey collection.
SEEM AN = Stacks 2/27/70 auction sale of Seeman collection
TD = Denl/s of Boston, MA, paper money dealer.
KF = Kevin Foley, Milwaukee, Wl, paper money dealer,
MRF, MTG, HK, DH, KK, RW, DF, WL, DG, etc., are individual collectors.
Paper Money Whole No. 168
Page 189
CAIALOG LISTINGS
Catalog Number
Paper
Ink
Commentary
Used By
City
State
Numerical VaJue
Word Value
Value Message
Flap Printed
Pedigree
1
DARK BEIGE
BLACK
BLANK ENVELOPE WITH MANUSCRIFTED
LEGENDS
7
Baltimore (Mss)
Maryland (Mss)
1 (Mss)
Cl (Mss)
1 Gt, in Mss
NO
RW X-SEEMAN LOT 1353
Catalog Number
Paper
Ink
Commentary
Numerical Value
Word Value
Vij/ue Message
Flap Printed
Pedigree
2
7
?
APPEARS TO BE HANDMADE WITH Mss
VALUE
25 (Mss)
C (Mss)
25-C in Mss
7
KRAUSE 1SL25. COLE (LOT 4134)
Numerical Value
25
Word Value
Cts.
Value
25 Cts.
Flap Printed
NO
Pedigree
SEE CATALOG No. 4
Catalog Number
6
Paper
WHITE
Ink
BLACK
Commentary
US. POSTAGE S^FAMPS,
Used By
ARTHUR. GREGORY ^ Co,
Advertising Message
STATIONERS
Address
39 NASSAU STREET
City
(NYC)
State
(NY)
Printer
ARTHUR, GREGORY & Co.
Printer's Address
39 NASSAU STREET
Printers City
(NYC)
Printer's State
(NY)
Numerical Value
50
Word Value
CENTS.
VijJue Messafe
50 CENTS.
Flap Printed
NO
Pedigree
KF, RW-APPLEBAUM SALE 1966
Catalog Number
3
Paper
CREAM 80^41mm
Ink
BLACK
Commentary
in U.S.P.O. Stamps
Used By
H. ARMSTRONG
Advertising Message
The Largest and Best Assortment of/ Hosiery
LaceSn Embroideries,/ AND SMALL WARES,/
In the upper part of the dty.
Address
140 SIXTH AVE.
City
(NYC)
State
(NY)
Numerical Value
NONE
Word Value
Twenty -Five Cts,
Value Message
Twenty-Five Cls,
Flap Printed
MISSING
Pedigree
RWX-MOREAU (BACK AND TlJiP
MISSING)
25 Cents.
ST-A.ivEi=*et,
Catalog Number
Paper
Ink
Commentary
Used By
Advertising Message
Address
City
State
Numencal Value
Word Value
Flap Printed
Pedigree
Catalog Number
Paper
Ink
Commentary
Used By
Advertising Message
Address
City
Slate
4
Catalog Number
7
YELLOW
Paper
WHITE
BLACK
Ink
BLACK
U.S./POSTAGE STAMPS.
Commentary
U S. POSTAGE//STAMPS.
ARTHUR, GREGORY & CO.
By
SEE FLAP DATA
STATIONERS
Numerical Value
25
29 Nassau St.
Word Value
Cents,
(NYC)
Value Message
25 Cents, (centered on front)
(NY)
Flap Printed
YES
25 WITH SINGLE PENSTROKE THROUGH
Flap Message
BENNETT & REAY, 5 & 7 Spruce Street.
AND Mss. 19 TO THE LEFT
Flap Advertisement
Envelopes,
Cts.
Pedigree
RW X-SEEMAN LOT 1353 (FRONT AND
25 Cts. Changed to 19 Cts.
FLAP ONLY)
NO
PC
RW X-PROSKEY
Catalog Number
7A
5
Paper
7
YELLOW
Ink
BLACK
BLACK
Commentary
U.S. POSTAGE//STAMPS.
U.S./POSTAGE STAMPS.
U^ed By
BENNETT & REAY, 5^7 Spruce Street.
ARTHUR. GREGORY & CO.
Numerical Value
50
STATIONERS
Word Value
CTS.
29 Nassau St.
Value Message
50 CTS. (centered on front)
(NYC)
Flap Printed
NO
(NY)
Pedigree
HOOBER #24, 1961 Numismatist p. 602
Page 190
Paper Money' Whole No. 168
Catalog Number
8
Paper
WHITE
Ink
BUCK {SIMPLE WAVY LINE BORDER)
Commentary
UNITED STATES POSTAGE STAMPS.
Used By
BERGEN & TRIPP
Advertising Message
STATIONERS ik PRINTERS
Address
114 NASSAU ST
City
(NYC)
Slate
(NY)
Printer
BERGEN & TRIPP
Printers Address
114 NASSAU ST
Printer's City
(NYC)
Printer's State
(NY)
Numerical Value
25
Word Value
CENTS
Value Message
25 CENTS.
Flap Printed
NO
Pedigree
MRF
i|^ United States Postage Stamps*
25 Cents. 25
If
Qar^eci a ButluDurt ill |
Catalog Number
9
Paper
CREAM 555t28mm
Ink
BUCK (VERY INTRICATE BORDER)
Commentary
UNITED STATED POSTAGE STAMPS.
Used By
BERGEN & TRIPP
Advertising Message
STATIONERS & PRINTERS
Address
114 NASSAU S'!'
City
(NYC)
State
(NY)
Printer
BERGEN &TRIPP
Printers Address
114 NASSAU ST
Printer's City
(NYC)
Printer's State
(NY)
Numerical Value
25
Word Value
CENTS
Value Message
25 CENTS*
Flap Printed
MISSING
Pedigree
RW X-MOREAU
g tr. s.
li POSTAGE STAMPS-
— 25 cents —
lJERrpI^^ k jcj^KSi ^
^ KXVEr.OPE iUNUEACTlJPl‘Ul>‘,
3^ ia4 wrnum Si., K. Y. J
M A. ^ -4 ^ ^ ■^: ■'^f
^ ir' ■^' W'^/ '/ A 'a a V.''A’ >. - 1. '- 7#J
Catalog Number
10
Paper
BLUE 77^<45mm
Ink
BUCK
Commentary
U.S. POSTAGE STAiMPS.
Use^i B)'
BERLIN [ONES,
Advertising Message
ENVELOPE MANUFACTURERS
Address
134 William St.,
City
N-Y.
State
(NY)
Numerical Value
25
Word Value
cents.
Value Message
25 cents*
Flap Printed
MISSING
Pedigree
RW X-MOREAU (BACK AND FUP
MISSING)
Catalog Number
11
Paper
BUFF 75x35mm
Ink
BUCK(BLUE)
Commentary
P.D. BRAISTED. ]r,/2S/BiLLIARD HALL/
14&16 FOURTH AVE,NEW YORK
Used By
P.D. BRAISTED, Jr, BILLIARD HALL
Address
14 & 16 FOURTH AVENUE
City
NEW YORK
State
(NY)
Numerical Value
25
Value Message
25
Flap Printed
MISSING FUP AND BACK
Pedigree
MRF X-MOREAU
G. C. BROWN.
^afarfl( Jf^pr 3\m,
No. 669 Broadway, New York.
U. 8. i
POSTAGE STAMPS. |
50 Cts. I
Catalog Number
12
Paper
WHHT 70K34mm
Ink
BUCK
Commentary
U-S7POSTAGE STAMPS.
Used By
G.C. BROWN
Advertising Message
Lafarge House Segar Storen
Address
No. 669 Broadway
City
New York.
State
(NY)
Numerical Value
50
Word Value
Cts.
Value Message
50 Cts*
Flap Printed
MISSING
Pedigree
RW X-MOREAU (BACK AND FUP
MISSING)
Catalog Number
13
Paper
WHITE
Ink
BUCK
Commentary
PRINTED VERTICALLY
Used By
BROWN RUSSELL
Advertising Message
PEWTER MUG ON BEER CUSS PICTURE
Address
162 NASSAU STREET,
City
(NYC)
State
(NY)
Numerical Value
25
Value Message
25 (at top and bottom)
Flap Printed
NO
Pedigree
MRF
Paper Money Y/hole No. 168
Page 191
Catalog Number
14
Paper
PURPLE
Ink
BIACK
Commentary
U.S. POSTAGE STAMPS,
Used By
JOSEPH BRYAN
Advertising Message
CLOTHING ESTABLISHMENT
Address
214 FULTON STREF1‘
City
BROOKLYN
State
(NY)
Printer
TRDAWLEY
Printer's Address
READE AND CENTRE STS.
Printer's City
NY.
Printer's State
(NY)
Numerical Value
15
Word Value
Cts.
Value Message
15 Cts.
Flap Printed
YES
Flap Message
XR. Dawley Reade and Centre Sts„ N Y.
Flap Advertisement
MANUFACTURER
Pedigree
KF
Catalog Number
15
Paper
BUFF
Ink
BLACK
Commentary
U.S, POSTAGE STAMPS.
Used By
JOSEPH BRYAN
Advertising Message
CLOTHING ESTABLISHMENT
Address
214 FULTON STREET
City
BROOKLYN
State
(NY)
Printer
TR.DAWLEY
Printer's Address
READE AND CENTRE STS.
Printer's City
N.Y.
Printer's State
(NY)
Numerical Value
SO
Word Value
Cts.
Value MeiSfige
50 Cts.
Flap Printed
YES
Flap Message
T.R. Dawley, Reade and Centre Sts., N.Y
Flap Advertisement
MANUFACTURER
Pedigree
MRF, DROWNE
Catalog Number
16
Paper
WHITE
Ink
BLUE
Commentary
STAMPS.
Ujed By
BROWNING & LONG
City
SALEM
State
MASS.
Numerical Value
25
Word Value
CTS.
Value Message
25 CTS.
Flap Printed
NO
Pedigree
DF
Catalog Number
Paper
Ink
Commentary
Used By
Advertising Message
Address
City
State
Numerical Value
Word Value
Value Message
Flap Printed
Pedigree
17
CREAM
BLACK
IN as. STAMPS,
SOLD BY JOHN M, BURNEX
Stationer & Printer
51 William Street
New York
(NY)
25
Cents
23 Cents
NO
RW X-KF(1986)
Catalog Number
Paper
Ink
Commentary
Used By
Advertising Message
Address
City
State
Printer
Printers Address
Printer's City
Printer's State
Numerical Value
Word Value
Value Message
Flap Printed
Pedigree
IN U.S.STAMPS.
jOHN M. BURNET
STATIONER ^ PRINTER
51 WILLIAM ST
NEW YORK
(NY)
JOHN M. BURNET
51 WILLIAM STREET.
NEW YORK
(NY)
25 CENT ORIGINAL VALUE OBU BERATED
CENTS
50 CENTS (50 in Mss)
7
DROWNE
I 25 Cen’TS
Ixx TT. S- j
FROM (
CHA? T. GHICKHAUS
Qeater tn HAVANA. SEGAaS and |
VIRGINIA SMOKING TOBACCO, j
]Vu. 171» IlroniliViiy, (
Catalog Number
19
Paper
YELLOW
Ink
BLACK
Commentary
In U S. Stamps,
Used By
CHAS. T CHICKHAUS
Advertising Message
Dealer in HAVANA SEGARS and VIRGINIA
SMOKING TOBACCO
Address
176 Broad way /(HOWARD HOTEL)
City
NEW YORK,
State
(NY)
Numerical Value
25
Word Value
CENTS
Vfl/Ne Message
25 CENTS
Flap Printed
NO
Pedigree
RW (2 FROM LATE 50'S SALE)
{To be continued)
Paper Money' Whole No, 168
Iowa Obsolete Notes and Scrip
(Revision 1993)
by DEAN OAKES
Burlington, Iowa
Issue No. Issuer
E.W. Clark & Brothers
52 Same as $1 in design
53 Same as $1 in design
Camanche, Iowa
Great Western Railroad Co.
Change rarity to R3
Change rarity to R4
$5 same as $1 and $2 except for large red figure 5 in center.
i ^ /.K*/ . y rt,f* ty '/ht y0i
1./ . / ■ ..f f it fy ^
!kvC / / / & rf ‘A y ^ ¥/
V/
i'lrj!
A group of these notes from this issue came on the market in 1983. These included a few %5 which had not
been known until then. This accounts for the lowering of rarities in this series.
Clinton, Iowa
E.8. Budd, Banking House
Banking 0c^Be of E. B. Budd,
/ft 4(€if>i
Black printing (Top) 5 cts. Clinton, Iowa, October 20th 1862. (C) Banking house of E.B.
Budd, "Pay to the bearer five cents in current bank notes, when presented in sums of even
dollars." (Signed) H.B. Horton. Overprinted "Receivable for taxes at the Treasurer of
Clinton County." 5*^ x 2" F
Paper Mone}* Whole No. 168
Page 193
(Probably other denominations were issued and other dates used. Noting Issuer #24, it seems Clinton &
Lyons were having a severe shortage of coin, as was all of Iowa in 1862.)
CouncH Bluffs, Iowa
27 State Bank of Iowa, Council Bluffs branch
4- It has been pointed out to me that counterfeits were made of the $5 type 1 note. I have
seen six different notes and the one thing they have in common is the issue
date“5/l/60— which was probably the correct date.
Davenport, Iowa
31A Leas, Wallace & Co.
Date engraved 185 note issued and redeemed by the company. Printers: Luse, Lane and
Co. Primers.
^ f'kiiir ni’|u>L Harri-vjK Stv ^ ^ ^
■IJ..
% TWENTY-FIVE CENTS,
r . / . jii ■ ■ ^ .
25 ; j
* !
'^4^-^. ‘i
<:nui*tr^7i
linitrttyi ’.I
r
//
7^ ^
■»
h 25 C (Top) Leas, Wallace and Co. Flour Depot, Corner 2nd Harrison St. (UR) "25" in engraved
circle. (C) "On Demand pay to _ or bearer TWENTY FIVE CENTS in currency" (B)
Davenpon (date line) Accepted (signed) L.A. Wallace. Note is yellow with a large orange
underprint across central part TWENTY-FIVE CENTS.
32 New York Branch Hardware Store
lA, 25C (C) Vignette of a bee hive. Large red "25 Cts" overprint along bottom of note. Note is very
similar to 50C of same issue.
33A Charles H. Plummer, Davenpon
Proof notes 25<I ^ 50€ listed under Washburn 34-5^6, these are now known to be the
Plummer issue with the appearance of an issued $5 note. Imprinter: Chas. Shober,
Chicago.
1* 54 (CR) Scene of cattle with a bridge and train in background, trees at sides and telegraph
wires overhead. Date of Dec 1, 1862, which is one month after the Washburn issue. No line
for numbering is on the note. R7
2, 104 Unknown
3, 254 Listed under 34“5
4 , 504 Listed under 34-6
Des Moines, Iowa
36 City of Des Moines— All Notes Proof R6
Eight proof sheets were sold at the American Bank Note Co. archive sale. Each was a $1, $2,
$3, $5 sheet. Four of the sheets were black and white and four were printed with a red
overprint of the denomination across the note on the lower half. A total of 32 notes are
now known.
Page 194
Paper Money Whole No. I6S
Dubuque
47 City of Dubuque
Imprinter: Rawdorin Wright, Hatch & Edson, New York.
1. $1 Unknown
2. $2 (CT) City of Dubuque, black block letters. (UL & UR) TWO in lathe work. {LL RR) TWO
in shaded lettering* (C) Large figure 2, with countersignature of the auditor, Dubuque and
date, this over the figure 2. (CL) Indian brave resting with a kill of venison behind himn his
outstretched arm to (CR) Indian maiden also reclining with outstretched arm.
3, $3 Unknown
4* $5 Unknown
5, $10 (TC) Large river scene of barge, steamboats with buildings on shore In distance. (LL ^ LR)
Figure 10 in lathe work. (LL) Man with hammer and shield* (LR) Lad with oar in hand, (C)
"City of Dubuque" in block letters with red underprinting 'TEN.'"
Note: With a $2 ^ $10 coming to light, and in view of the large issue of notes, near $48,000, it seems reasonable
to assume that $3 and $5 notes were issued.
Papsr Money' Who/e No. 168
Page 195
47A Couch and Gilbert
Ifflvk*, Ktt^Unn^rr- Vi.Hl* PHtwi-i
“ ’ C c>N '"dt:mand '
atrm .'ip ifi^.i. ^ Clff « tki«^jqn,
Eik^Bp^ fsipnTfiini^l CSi}nii| ttr) V tlht^ tbi^ ■cn.rti.iitdr|l l«
^rfl!r|[i:;.ita] itvao Pul^Ilco,
L 25<f (LR &t LL) Figure "25" (L) State of Iowa. [R) City of Dubuque. (C) Shield with name of
company and address; also shows a merchant in a book store with the word "Prodigious" at
bottom of shield vignette. Wording as follows, "We promise to pay the bearer ON DE-
MAND twenty- five cents in merchandise, or in one of the Improvement Company's notes
when the amount of $1 is presented" Printed in blue ink Signed Couch and Gilbert. The
back of this note is printed with the names of the merchant houses that would
accept this check, a listing of forty-two establishments.
53
Dubuque Western Railroad Company
1-
$5
R4
la.
$5
R4
lb*
$10 Same as the $5 note except for denomination.
R5
Ic.
$20 Same as the $5 note except for denomination.
R5
3.
$1
R2
4*
$3
R4
5,
$5
R3
6.
$10
R3
[n about 1939 the Treasurer of Dubuque County cleaned house and an employee became owner of a large
trunk of banknotes from the 1850-60 period. In the last 10 years three smaller lots of the now empty trunk have
surfaced and been sold. 1 do not thi nk that there are any lots left of over 20 or 30 notes from what must have been
several thousand and that they are now quite widely dispersed. Most of the notes were Dubuque Central 1 mprove-
meni Co. and Dubuque Western Railroad Co. issue.
54 Grosvenor St Shelly
la. IOC (UL) Large blue "X" printed with stars and stripes St "Nonh Western Book Store." (UR) Du-
buque Iowa and large "10" in blue; same small vignette as the 25<t note. (LL) Large blue
figure "10" (LR) Large blue "X" x2V4^^ overall. Signed Grosvenor and Shelly. R7
55 Lumberman's Bank of Dubuque
Two uncut sheets are now known on this issue; one was known 10 years ago.
Page J96
Paper Money Whole No. 168
56a N A. McClure
la, 255 Denomination printed in red in each corner and across central portion of the note, either
as figure 25 or XXV. (TC) Small Vignette of notions, sewing kerns, fans, thread, etc, in red. Black
printing on note. Pay line reads "will pay the bearer Twenty Five Cents on Demand in goods or
either of the Harbor Co's, post notes, at the Dubuque Bazaar, no. 132 Main Street." Signed N.A.
McClure. R7
An unknown number of Dubuque merchants tried to help and promote commerce by issuing scrip during
this war period. There was almost no coin available. We will probably see more of these small change scrip
notes come to light in the coming years.
iMuca to tAkv Up B part bf eurmio Kcrip* UnOd rTavcuiiiUL>c a* Maafv
50 '
) ^ lluiAiCUy srk\ jilcincLiu]i. ,
Vlsrk^
Heciiivable for all Taxo* aud of ibe Corporation
Fort Madison, Iowa
64 City of Fort Madison
2, 500: {c) Large red "50." "City of Fort Madison" across upper portion of note. (UL & UR) Small
red "50" in corners. Same layout and size as 25C, 64-T (Still only one of each known to
me,) R7
Indtanola, Iowa
69A G.W. Jones and Co. Bankers
The first bank in Warren County, 1858, was organized by George W. Jones and WX Smith,
under the firm name of G W. JONES & Co. Eight years later it was sold to David and
Thomas Hallam, who conducted business until 1870 when it became the First National
Bank.
1* 5<t \W* round, red, cardboard. Printed around the border "G.W, JONES & CO BANKERS, India-
nola, la." in the middle "Pay 5 cents in currency when presented in sums of one dollar" R7
Paper Money Whole No. J58
Page 197
Iowa City, Iowa
76 Shephard & Darlington
in C
when ^T 5 Fotlar^ worili of
either of i
XI n, II. & CHI.. I
U'M- llA.tllL'I'O.H A. rOi, I
VHEPlIAJtO CL IIAH1.1>OTO\.
(M’ks ni*e preHented at
Stores^ :
I 11. A. .i|ORiNnA>.
I CXAFF A yOCJO£T.
la.
S2
10 <t (C) Red 10 <t. (UL & UR) Blue- black 'OO'' in comers. Balance of note same as the 25<r & 50C
notes.
Keokuk^ Iowa
Keokuk & Hamilton Ferry ^ Manufacturing Co,
5. 75 C Small central vignette is of a train. Vignette at the left is of a liberty figure with shield &(
eagle. Balance of the note is like the 50<t and $1 notes. R7
Pittsburgh, Iowa
(Van Buren County)
107A Bank of Pittsburgh
Primer: Ed Mendel, Chicago
L $10 Orange background with Ten at top left and "X" at top righu (TC) Black block letters "Bank
of Pittsburgh." (L) Vignette of train, (C) Vignette of three men with horse and wagon
picking corn. These two vignettes are the same as on the Dubuque, Marion & Western RR
note #51-1. The (LR) vignette is the mirror image of a young child as used on the State
Bank of Iowa $2 first issue.
/T
Page I9S
Paper Motiey Wiiale No, 165
COUNTERFEITS (Continued from page 183)
This note is perhaps the most unusual discovery of the Iowa series in the past ten years. Picked up as a Penn-
sylvania note by an eastern collector, it did find its way back to its real home stale of Iowa. It carries a date of
)uly 1, 1862. If the date is an issue date remains to be discovered, but the signatures are not original. We can
be quite certain that other issues of this bank were printed, including a SI & $5.
Pittsburgh was located on the Des Moines River in Van Buren County, There were two general stores, a bank,
a flour mill and a population of 200 in 1865.
Help needed with this maverick.
Using the term Treasury notes must refer to LI.S. notes, so it may have been issued as late as 1865. Maybe
someone can help to give this piece or "Good For^ a home town.
777
IV 2 " green cardboard. Printed at top edge 'Thompson, Whitman & Co." Printed under the
name, No. Printed through the middle of the disk, "Good for 10 Cents in Iowa or
Treasury Notes" Then a line to sign on.
SOURCES:
Chase, Philip H, (1947). Coufederate Treasury Notes, Philadelphia.
Chase, Philip H., various articles in The Nutmsrjiarist, official publica-
tion of the American Numismatic Society
Ball, Dr. Douglas, various articles in Banfe Note Reporter.
Thian, Raphael P. (1972). of the Confederate Debt, reprint by
Quarterman Publications, Inc,
Criswell, Grover C. (1976). Confederate and Southern States Carrenq^,
2nd Revised Edition,
Slabaugh, Arlie R. (1976). Confederate Stilted of America Paper Money,
Fifth Edition.
PAPER MONEY
UNITED STATES
Large Size Currency • Small Size Currency
Fractional Currency • Souvenir Cards
Write For List
Theodore Kemm
915 West End Avenue □ New York, NY 10025
Paper Money Whole No. 168
Page 199
The
Starts Here
A Primer for Collectors
by GENE HESSLER
HE mention of a $3 bill usually gets a laugh, unless you
are among collectors. Yes, Virginia, there are $3 billSn as
well as notes for other odd denominations, fhe Nov./
Dec 1978 and the Mar./April 1991 issues of MONEY in-
cluded articles by this writer about the $3 note the federal
government prepared but did not issue.
By perusing a dealer's list or personally examining the notes
he or she has to sell, you will see that $3 bills are relatively
Notes for $1.25, $L50 and $1.75, when you can find them,
will cost more. Some of these fractional notes were at one time
related to the Spanish milled dollar or "piece of 8" The Spanish
silver coin, once legal tender in the United States, was divided
into bits. One-half equalled four bits, one-quarter was two bits.
Some examples of these bank notes show the image of the coin
on the note, especially those for 25 c and 50C, If you would
pursue additional notes that are related to the legendary "piece
of 8" you would see notes for 12 1/2 1 even 6 1/4 C.
If these fractional and odd denominations appeal to you,
consider the topic of the first column in this series— colonial
paper money The Continental Congress and at least five colo-
nies or slates issued fraaional notes and notes for $4, $6, $7
and $8. Some colonies issued notes in shillings and pence,
some in dollars, some in both units.
The Continental Congress and Maryland issued notes for
$1/6, Sl/3, S2/3, $1/9 and $2/9. Massachusetts, New York,
Rhode Island and Virginia issued notes for those other odd
denominations. The SI note from Virginia dated 1777 includes
the Spanish milled dollar in the design. Again, for the price of
about $25 each, you will be limited to specific issues.
Odd denomination obsolete notes are sometimes related to
the price of a particular produa within a specific area. In addi-
tion, some railroads also issued bank notes, and what could be
'JWi!55iiun OrffitiTliond
^ FQIIitiPQL^t
RT-
/ Sfj
7} v , / V/j«
common among obsolete bank notes. This denomination is a
popular one to collect, however, since there are so many
different examples. You should be able to find enough that will
not exceed your budget.
fn addition there are notes for $1.25, $1.50, $1.75, $4, $6, $7,
$8 and $9, There have been paper money issues for $11, $12
and $13; however these are rare, and command hundreds of
dollars. Odd denomination bills are extremely popular, conse-
quently supply and demand creates relatively high prices.
Three banks in New Jersey issued paper money that included
$6, $7, $8 and $9 notes. The notes from The People's Bank in
Paterson, New Jersey are affordable. These fascinating notes
should be priced at about $25 each, perhaps a bit more or less
depending on condition.
There is no way that a cash register could accommodate all
of these different denominations. Each businessman, propri-
etor and saloon keeper must have devised their own method to
keep these notes ready for making change. Today many people
reject $2 bills. In the middle of the last century denominations
that were a convenience for some must have been a nuisance
for others.
more convenient than denominations that related to specific
fares.
There is a particular odd denomination note that should be
affordable. In the 1860s the Missouri Defence Fund issued a
note for $4.50. Although it looks like a bank note, it was con-
sidered to be more like a bond. These attractive notes with a
rust-colored background are not too expensive.
This Missouri note was printed by Keatinge & Ball in Colu-
mbia, South Carolina, the printer of many Confederate notes.
This tiny credit line at the bottom of the note reminds us of the
location of Missouri and how its loyalty to the Union and the
Confederacy moved from one side to the other.
These and other notes are frequently seen without signa-
tures. Notes without signatures are most often remainders, or
notes that were never issued. Nevertheless, a piece of paper
money for $4.50 should provoke some conversation in any
company.
{Copyright story reprinted by permission from Coin World, March
22 , 1993 )
Page 200
Paper Money Whole No.
Engraved and Overprinted Signatures on
Series of 1902 National Bank Notes
THE PAPER COLUMN
by Peter Hun toon
INTRODUCTION
The problem of signing notes became a burdensome, if not
overwhelming, task for the officers of many banks. No presi-
dent or cashier of a large bank had time to hand sign large
numbers of notes so they either had someone rubber stamp or
otherwise affix the signatures on the sheets, or sent the sheets
to a printer who overprinted the signatures. An amendment to
the National Bank Act dated March 3, 1919 authorized the use
of engraved signatures on national bank notes. Thus the bank
signatures could be engraved directly on the printing plates by
the Bureau of Engraving and Printing. In 1926 an unusual step
was lake at the Bureau to offer relief for one bank. Signatures
began to be overprinted on the sheets for the Chatham Phenix
National Bank and Trust Company New York, New York
(10778).
ENGRAVED BANK SIGNATURES
N an amendment to the National Bank Act dated March
3, 1919, Congress provided that national bank notes
could be guaranteed by the ''written or engraved sign a*
tures of the president or vice president and cashier," The officers
of the large banks, and many smaller banks, leapt at the chance
to have their signatures engraved on their plates and were only
too happy to pay ffie extra cost. Consequently, these notes are
not rare. Signatures were added to existing plates and they were
placed on new or replacement plates. The notes are easily dis-
tinguished because the lines under the bank signatures were re-
moved from existing plates, or omitted from new plates.
An excellent example of the use of engraved signatures in-
volves the Series of 1902 plates listed in Table 1 for The Bank of
Italy National Trust and Savings Association, San Francisco
(13044), all of which were used to print blue seal plain backs.
Notice that signatures were first added to current plates, and
then later replacements were made with them.
Banks chartered in the period 1919 to 1929 were able to use
engraved signatures from the beginning. The Lincoln National
Ban k of Newark (12570) is a case in point. Notice that the note
shown is the "B" subject from the first plate made for the bank.
The Annual Reports for the Bureau of Engraving and Printing
state that engraved signatures were added to five Series of 1902
date back faces and eight Series of 1902 plain back face plates
Table 1. Record of $edes of 1902 pJates made for The Batik of Italy National Trust and Savings Bank, San
Francisco, California (13044), showing the use of engraved signatures. Data from Bureau of En-
graving and Printing (various dates-a).
5-5-5-5 10-10-10-10 10-10-10-20 30-50-50-100
A-B-C-D D-E-F-G A-B-C-A A-B-C-A
E-F-G-H D-E-F-G sigs added A-B-OA sigs added A-B-C-A sigs added
E-F-G-H sigs added K-L-M-N sigs H-l-)-B sigs
1-1-K-L sigs
M-N-O-P sigs
Q-R-S-T sigs
37010
12570 I
iiaixiniivtiimm«UDSB(H»Ml«HirarMiTpiuMiamiPE ^ i,
UNITED STATES DFAMERICA^
$10 Series of 1902 blue seal plain back from the Lincoln National Sank of Newark New Jerse}^ (12570) en-
graved bank signatures. This note is from the first plate jmde for the bank.
Paper Money Whole No. 168
Page 201
in fiscal year 1922. Signatures were added to 19 more Series of
1902 face plates in fiscal year 1923. The Series of 1902 date back
plates altered in 1922 had to be 50-50-50-1 00s because these were
the only date back denominations being printed at that time.
The Series of 1882 expired on July 12, 1922. over three years
after engraved signatures were authorized, so it would have been
possible for engraved signatures to have been added to Series of
1882 plates. However the annual reports for the Bureau do not
indicate that signatures were added to any Series of 1882 plates.
A total of ten new Series of 1882 plates were made between [uly
1, 1918 and April 12, 1922, but it is not stated whether any of these
were ordered with engraved signatures, ft is doubtful if tl’iey were
because none have been reported to date.
CHATHAM PHENIX OVERPRINTED BANK SIGNATURES
The Bureau of Engraving and Printing overprinted bank signa^
tures on Series of 1902 blue seal plain backs for the Chatham
Phenix National Bank and Trust Company, New York, New
York (10778) during fiscal years 1927, 1928 and 1929. This was
the only bank in the country to utilize Bureau overprinted sig-
natures. The discovery of this special case was a totally unex-
pected surprise for me that began to unfold in 1968 or 1969
when I stumbled on the entries shown in Table 2 in the
1927-1929 annual reports for the Bureau of Engraving and
Printing.
In 1969 Chuck O'Donnell arranged a visit with Morton C
Rice of the Bureau of Engraving and Printing staff and 1 tagged
Table 2. Statement showing amount of reimbursements received for thrnishing services and
materials in connection with printing done for other departments and bureaus. Data
Ifam Bureau of Engraving and Printing (1927-1929]*
Treasury Department
Comptroller of the Currency
Etched plates and overprinted signatures on national bank currency
Compensation
of employees
Materials and
miscellaneous
expenses
Total
July 1, 1926- July 1, 1927-
June 30. 1927 June 30. 1928
S658,20
1795.41
32.46
$690.66
30.48
$825.89
July 1, 1928-
June 30, 1929
$ 925.71
31.59
$957.30
tMt “
S20 Series of 1902 blue plain
back fwm The American Exchange-
Pacific National Bank, New York,
New Vorfe ( 1394 ) it/ifJi engraved
bank signamres. This note is from a
plate made on August 4, 2925, afrer
the title was changed on Aii^usr J
from The American Exc/iunge Nd-
tiopTdJ Bank as a result of a consoli-
dation with The Pacific National
Bank of New York (12757).
$20 Series of 1902 blue seal
plain back from the Chatham
Phenix National Bank and Trust
Company New V&rk, New VbrJ;
(10778) u/kh kddJt signatures
that were overprinted by the Bu-
reau of Engraving and PrmnVi^.
ca
-V* YT ^•* ** y ' * py i * I ? I hi
147730
Page 202
Paper tAoney Whole No. 168
along, f was allowed to look through a small supply of
specimen sheets encompassing several classes and series in the
possession of the Bureau. Much to my surprise; I came upon
two sheets of Series of 1902 notes with overprinted signatures.
Both were on the Chatham Phenix National Bank and Trust
Company^ and were as follows:
Combination Plate Check Letters Serials
5-5-5-S Q^R-S-T 000000
1 0- 1 0-10^20 J-K^L-D 000000
The 000000 serials are typical of specimen sheets. Hand-
written in the margin of each sheet was the date November 23,
1927, presumably the day the sheets were completed. The
Johnston- Kaufman bank signatures were overprinted, being
neatly and firmly impressed on the paper. The fact that these
sheets were saved out of all the thousands of other Series of
1902 possibilities reveals that the Bureau personnel were very
proud of this innovation.
On June 2, 1993 1 found records in a dilapidated ledger bu-
ried in the U, S. National Archives repository in Suitland, Mary-
land that fleshed out this most interesting story. The last entry
for billing out plate work for large size national bank notes in
the ledger is a $384T7 charge for overprinting bank signatures
on the Series of 1902 notes for the Chatham Phenix National
Bank and Trust Company (Comptroller of the Currency
1926-1933), By backtracking through this ledger, it was clear
that the only bank for which these types of charges were being
assessed was the Chatham Phenix bank. Furthermore, the
ledger disclosed that this was the only bank in the country for
which large size bank signature overprinting plates were pre-
pared. The charges included at least two or possibly three over-
printing plates at a cost to the bank of $40 each. The $40 plate
charge compares with $120 for replacement 4-subject face
plates at the time.
An explanation for this special circumstance can be inferred
from the plate ledger. On July 26, 1926, at the request of the
bank, the Comptroller placed an order with the Bureau to add
signatures to the Chatham Phenix plates. However, according
to a note in the ledger, this order was cancelled by the bank be-
cause the existing plates were worn and replacements would be
ordered shortly. Obviously the bank did not want to waste
money adding signatures to the worn places. As shown in Table
3, the 5-5-5-5 M-N-O-P and 10-10-10-20 G-H-I-C replacements
were subsequently ordered in August.
It appears that the bank inadvertently failed to request en-
graved signatures when the replacement plates were ordered
because the new plates were made without them. Conse-
quently production continued, resulting in the addition of
several thousand sheets without signatures to the Comp-
troller's inventory. The bank clearly wanted signatures on
those existing sheets as well as future production. The solution
that was obviously settled upon was preparation and use of a
signature overprinting plate which could handle both the ex-
isting and future printings. The overprinting plate was ordered
Table 3. Series of 1902 face atid overprinting plates manufactured for the
Chatham Phenix NalJonaJ Bank and Trust Company, New York, New
York {10778). Dates shown are when the Bureau certified the face plates for
use and when the Comptroller billed the bank for the overprinting plates.
Data frorn Bureau of Engraving and Printing (various daies-b) and Comp-
troller of the Currency (1926-1933).
Last plates with title: Chatham Phenix National Bank,
5-5-5-5 U 3 -V 3 -W 3 -X 3
10 - 10 - 10-20
50-50-50-100 A-B C-A
Plates with title; Chatham Phenix National Bank and Trust Company
Mar
25,
1925
5-5-5-5
A-B-C-D
Mar
25,
1925
10 - 10 - 10-20
A-B-C-A
Dec
21 ,
1925
5-5-5-5
E-F-G-H
Jan
21 ,
1926
10 - 10 - 10-20
D-E-FB
Mar
8 ,
1926
5-5-5-S
l-J-K-L
Aug
25,
1526
5-5-5-5
M-N-O-P
Aug
26, 1926
10 - 10 - 10-20
G-H-l-C
Dec
2 ,
1926^
signature overprinting plate
Jan
18,
1927
10 - 10 - 10-20
J-K-LD
Ian
19,
1927
5-5 -5 -5
Q-R-S-T
Nov
11 ,
1927
10 - 10 - 10-20
M-N-O-E
Nov
26,
1927
5-5-5-5
U-V-W-X
Mar
8 ,
1928^
signature overprinting plate
Apr
27, 1923
10 - 10 - 10-20
P-Q-RF
Jul
17,
1528
5-5-5-S
Oct
24,
1926"
signature overprinting plate
Ian
10 ,
1525
5-5-5-5
EE-FrGc-l
fan
10 ,
1925
10 - 10 - 10-20
S-T-U-C
a. $239-05 billing includes the $40 cost for the plate and press runs of 39,987
5-5-5-5 and 19,775 10-10-10-20 sheets.
b. Billing includes only the 140 cost for the plate.
c. $306.6 1 billing is a lump sum for a plate and overprinting but it is not absolutely
clear that a new plate was made.
Paper Money Whole No. 168
Page 203
and put in service sometime after the replacement face plates
were made in August.
Series of 1902 5-5-5'5 sheets through 172043 and
10-10-10-20 sheets through 9S567 had been printed prior to
December 2, when the bank was first billed for signature over-
printing. The billing record shows that 39,987 5-5-5-5 and
19x775 10-10-10-20 sheets had been overprinted^ which would
make 5-5-5-5 sheet 132057 and 10-10-10-20 sheet 78793 the
first to receive Bureau overprints. The signatures on die
Chatham Phenix $20 shown here were printed from this first
Bureau plate.
A second overprinting plate was made for the bank by the
Bureau and billed to the bank by the Comptroller on March 8,
1928. Usage of it commenced with 5-5-5-5 sheet 325014 and
lOdO-10-20 sheet 190649. This plate also utilized the Kaufman-
Johnston combination. However the signatures are from
different handwriting specimens and the line weights are con-
siderably bolder. In addition, Johnston's signature is smaller. If
a third overprinting plate was made by the Bureau in Octobeix
1928x is was identical to the second because notes printed from
it look the same.
Kaufman and Johnston's signatures were in use prior to the
Bureau plates* The most recent were overprinted by a private
contractor. These can be distinguished from the first Bureau
overprints because Kaufmann's signature on the contraaor
plate is huge and very bold in comparison.
The Comptroller billed the Chatham Phenbt bank an extra
$2,593.85 for the honor of being the only bank in the country
to utilize Bureau overprinted signatures between 1926 and
1929. iTiese charges were calculated at $4 per 1,000 sheets plus
the costs for the plates. The Bureau of Engraving and Printing
charged the Compirolleds oflBce $2,473.85 for this service. Had
the officers of the bank simply gone with their initial July 26,
1926 request to have engraved signatures added to their ex-
isting but worn plates, the bank would have incurred a onetime
charge of $284 and been done with the matter!
REFERENCES CITED AND SOURCES OF DATA
Bureau of Engraving and Printing, 19274929, Annual repom of the
director of the Bureau of Engraving and Printing far the fiscal year ending
htne 30: U. S, Government Printing Office, Washington, DC.
Bu reau of Engraving and Printing, various dates-a, Certified proofs from
national currency face plates: National Numismatic Collections,
Smithsonian Institution, Washington, DC.
Bureau of Engraving and Printing various dates-b. Records of national
currency plates. U, S* National Archives, Washington, DC record
group 318.
Comptroller of the Currency, 19264933, list of plates engraved for na-
tional banhs: U. S. National Archives, Suidand, Maryland, accession
70Al47a box 224.
United Slates Statutes, Act of March 3, 1919, pertaining to national
banks: U. S. Government Printing Office, Washington, DC.
A SHARP COUNTER IS THE
SCOTCH TELLER
The annual loss from wear and tear of gold coins in England by
reason of absence of small notes is almost incredible* In Scot-
land the issue of £1 notes displaces gold to a great extent, and
is almost as rare as here. The Scotch teller excells in counting
paper money. In handling gold and silver he is altogether be-
hind the age, keeping those metals before him in little old-
maidish piles which would make a London teller shriek with
derision. Bui in fingering a bundle of notes he is a king of men.
Placing the packets upright against his left palm and seizing the
top corner between the finger and thumb of his right hand he
will turn over the notes so quickly that an ordinary observer
will be as entirely deceived as by the three-card trick and will
probably count only sixteen or seventeen to the teller's twenty.
Then, to check his count, he will either alternate his hands, or,
placing the notes horizontally on his counter, he will count
them toward himself with the same paralyzing speed.—Tfie
Certtr^i/tfi (Wis.) Enterprise and Tribune, Oa. 29, 1887.
RESEARCH (Continued from page 187)
cause the restrictions withholding such records had now
changed. Researchers who were informed in the past that cer-
tain national bank records were required to be withheld from
them as a result of these prior specific restrictions should now
apply again for records that might aid their research.
The National Archives and its extremely competent and
cooperative staff have greatly enhanced my knowledge, ap-
preciation, and enjoyment of the national bank notes 1 have
collected by helping me obtain the records and information I
sought. I advise all collectors of national bank notes to utilize
the vast resources of the National Archives to enable them to
better appreciate and enjoy their notes.
Address letters of inquiry to Jack H. Fisher, 3123 Bronson Boulevard,
Kalamazoo, Ml 49008.
This article was originally printed in the Spring 1992, Vol. 24 No. 1
issue of PROLOGLFE, a quarterly of the National Archives. It is
reprinted here with permission.
IMPORTANT NOTICE TO ALL MEMBERS
If you are missing one of the issues of 1993 PAPER MONEY,
please notify the Secretary immediately.
Please indicate which issue(s) you are missing, and enclose
$3.75 for each issue.
Page 204
Paper Money Whole No. 168
Notes
From
All Over
Judith
Murphy
To ieU you thai 1 was surprised to see my piaure on the front
cover of the last issue of MONEY would be an under-
statement at least. Wasn't my idea folks. Guess if we haven't met
you all won't have any trouble recognizing me now though.
A question for you: How many of us see ourselves as conser-
vators as well as collectors? That has been pan of the pleasure
of colleciing for me. the idea that I am helping to preserve a
pan of our history. Can you remember how you happened to
become interested in collecting in the first place? 1 mentioned
exhibiting in the last column. [ know that many of you have
won important awards at major shows across the country and
over the years. I am willing to bet that some of you have never
exhibited and wonder why. Our regional library has a case for
anonymous exhibits of whatever you collect and 1 plan to avail
myself of that real soon. I also invite any of you all in my area
who would like to be a part of this. We feel very fortunate that
we have been able to turn a hobby into a business and consider
it imperative that we give something back and do this by being
active in several numismatic organizations. At a school at-
tended by a grandson we have had the opportunity to present
a program on the history of irade/barier and money to a sev-
enth grade Civics class and show examples of primitive money
ancient coins, colonial currency state and CSA notes, to men-
tion a few. Invariably half a dozen or so ofthe students will ask
'"where do you gel these things?'" We refer them to their local
clubs, state organizations, shows, and suggest books from their
libraries. HI bet there is a school in your area that would wel-
come a similar thirty minute program. Much has been said in
the numismatic press about the demise of the Essay Proof So-
ciety and the Atlanta Coin Club this past yean Atlanta failed in
part because they did nothing to encourage new members, par-
ticularly young folks, sad to say One can do much in many
lilUe ways to share knowledge and offer others the opportunity
for enjoyment that has been afforded us in numismatics. Won't
each of you in the coming year think of a way to pass it on and
write and tell us about it? Sign up one new member in
1994— now there is a New Year's resolution as easy to keep as to
make.
Hope to see many of you in Orlando in January. Best wishes
for the coming year. Let's pray for peace everywhere.
IMPORTANT NOTICE TO ALL MEMBERS
If you are missing one of the issues of 1993 PAPER MONEY,
please notify the Secretary immediately.
Please indicate which issuefs} you are missing, and enclose
S3.75 for each issue.
DID YOU KNOW?
Thai you can automatically receive every souvenir card issued
annually by the Bureau of Engraving and Printing?
Each year the BEP offers its Souvenir Card Subscription
Service. The cost of this service is only slightly higher than what
you would pay if you purchased the cards singly at each event
where they are sold. Since few of us are fortunate enough to at-
tend each show, this service guarantees that you will receive
each card through the mail.
For those events where the BEP takes its famous "Spider
Press," you also have an opportunity to purchase specimens of
the "special" cards produced at the show.
If you desire, you may purchase multiple subscriptions.
Contact:
Bureau of Engraving and Printing
Public Sales Division, Room 602-UA
14th and C Streets. SW
Washington, DC 20228
SOCIETY OF PAPER MONEY COLLECTORS, INC,
YEAR END SUMMARY OF FUNDS: June 30, 1993
Publication Fund— Wismer Fund
Previous Balance 24.793,96
Book Sales 3.500.00
Donations .... 1,069.25
New Balance 29,363.21
General Funds Cemficaies of Deposit:
CD #
%
Matures
Current Value
82414
.081
7/93
5.122,34
201714
.034
12/93
5.499,87
201790
.035
10/93
16.162.17
202038
.034
12/93
5,366.12
202051
.034
10/93
12,750.30
202129
.034
12/93
10,598.02
U.S. Bonds
9/95
16,200.00
Total
$71698.82
Cash on Hand 6/30/93 16.652.47
General Funds in CDs * . * 71,698.82
$88,351.29
Less Wismer Fund 29,363.21
Less Life Member Fund 5,1 16.72
Actual General Funds Available $53,871.36
Life Membership Fund:
Total lune 30. 1992 34,116.72
Income 6,800.00
Less member dues ( 2,800.00)
Death ( 300.00 )
Balance $37,816.72
Life Member Certificate of Deposit:
#201789 7% 10/96 Current Value $32,700,00
Cash general funds 5,1 16.72
$37,816.72
Submitted by Dean Oakes, Treas.
Paper Money Whole No. JGS
Page 205
Society of Paper Money Collectors
Statement of Operations
INCOME
Dues 1993 Renewals * . *
New Members .
Life Members
Advertising
Book Sales * , .
Magazine Sales * * . .
Publication Fund ^ *
Interest on Checking,
Interest on C.D/s
C.D/s cashed in
Misc-Postage
Convention Banquet * , .
Counterfeit Listing*
Total Income
EXPENSES
Printing * . * . .
Editorial and Pre- Press Fees
Postage
CD & Bond Purchase
Convention Expense ,
Officers Expense * .
Secretary Expense
Assistance *
New Member Expense
Assistance * . ,
Awards
Corporate & Legal Fees
Advertising
Dues Paid .
Bad Checks *
Back Issue postage expense
Total Expenses * . * * *
Previous Bank Balance
Income *
Expense * * *
Outstanding Deposit *
Uncleared Checks
Third Quarter Fourth Quarter
20,815.00
6,960.00
2,250.00
1,650.00
2,328.87
1,961.25
—
3,500.00
220.50
155,75
56L25
508.00
158.71
188.34
576.95
564.41
3.29
983.00
$26,914.57
$16,470.75
7,372*97
8,580*72
60L23
1,769.30
435.00
—
—
16,200*00
210.14
284*10
—
390*00
245.81
107*32
120.00
105*00
—
160.50
—
175*00
441.88
324.60
30.00
—
40.00
—
—
227.56
$ 9,497.03
$28,324.10
11,088.28
28,505.82
26,914.57
16,470.75
(9,497.03)
(28,324.10)
(1,976.73)
$28,505.82
$16,652*47
Year
$21,442.26
$52,916,17
$57/705.95
Current Balance
$16,652*47
Page 206
Paper Money Whole No. 168
Meet Your
Charter Members
Nelson A. Rieger
Several years ago 1 started as-
sembling my own collection of
Colorado's historical mining
and railroad certificates, and
realized that a good collectors'
guide book was needed. After
about a year of work on this
book. 1 was diverted into my
early Colorado art collecting
and writing (for these past 4
years). Now it is back to the
collectors' guide for early Colorado mining and railroad certi-
ficates, to be published in 1393.
[''Buz" Rieger, a former banker and college professor of manage-
ment. currently manages his own Enterprise Investment Com-
pany in Colorado Springs. In addition to his art interests and
community service commitments, he is an avid hiker with his
Labradors and is a world traveler. In Oaober 1978 he acquired
a large landscape painting of Pike's Peak. He was fascinated by
the painting, and began extensive research into its history. His
research led to the discovery that the painting was the last large
landscape executed by the famous painter, George Caleb Bing-
ham^ Mr. Rieger's story of this beautiful work, entitled
"Colorado Landscape. View of Pikes Peak from Greenland.'' was
the subject of the article "Odyssey to an Authentication" which
appeared in the April 1991 issue of Missouri Historical Review,
published by the State Historical Society of Missouri. Addition-
ally. Mr. Rieger wrote and published a beautifully researched
and illusiraied biography ofanoiher famous western painter,
entitled ''Charles Craig: Pikes Peak Indian Painter." If these two
works are any indication of his research abilities, his projected
guide book about Colorado's historical mining and railroad
certificates will become a standard.— Bob Cochran |
New Literature
A Catalogue of Nevada Checks, 1860-1933. D. McDonald. 128
pp„ illus. Gypsyfoot Enterprises. PO. Box 350093. Grantsdale,
MT 59835. Softcover $19.50. add $1.50 for shipping.
This is the second book on the subject of Western documents
within a few months. This one. however, is devoted exclusively
to checks and related fiscal paper from Nevada. It is the first to
document the fiscal paper from this territory and state.
Documents are listed alphabetically by community, then by
firm name. All pertinent features of each piece are given, in-
cluding colors, dimensions, printers, revenues, vignettes,
signers, etc. A rarity scale and retail values are included.
Over l.GOO pieces are listed, and there is an illustration on all
but a few pages. For the first time the reader has access to the
listings of all known varieties of Nevada warrants from both
the territorial and statehood years, as well as a complete listing
of varieties contained in the massive release of Humboldt
County warrants. The earliest known Nevada check is illus-
trated, as are examples of documents signed by Orion Cle-
ments (Mark Twain's brother), spurious Wells Fargo
handstamps, and identified signatures of Govemor Richard
Kirman and those of his father.
The collecting of checks and other fiscal paper continues to
grow in popularity. This book should be of interest to col-
lectors. dealers, and armchair historians, {ed.)
A Check List of Ships (BoatSf Watercraft) on German Notgeld. D.
Musser, six pp,. illus. D, Musser, Box 905, Lacoochee, FL 33537.
$1; $5 for list in plastic binder, both postpaid.
Dwight Musser. known for his compilations of notgeid, has
put together this list of over 170 different varieties from about
I00“issuing authorities, all identified by denomination, date,
type of watercraft, prominence of subject matter and estimated
collector value.
Previous check lists by Musser document the subjects of
Christmas, Martin Luther, medicine, spons, windmills, maps
and witchcraft, fed.j
New Literature
worid paper is both the subject and the title of
the latest publication by the Professional Currency Dealers As-
sociation (PCDA). The booklet is by Lance Campbell, the first
vice president of the International Bank Note Society.
This newest publication is designed to introduce collectors
to the possibilities of collecting world paper money. In doing
this Campbell introduces each continent as a possible target
for a collector by briefly describing the paper money history of
that area and by telling a few interesting stories related to the
area and its paper money,
Campbell describes many aspects of paper money as well.
The manufacturing of paper money is explained. Essay, proof,
specimen, and replacement notes are all described and illus-
trated. A few classic counterfeiting schemes are discussed, as
are the emerging and so-called dead countries.
Each seaion of the booklet includes illustrations representa-
tive of the topic. The illustrations are an interesting mixture of
rare and exotic notes to illustrate a point and will entice ad-
vanced collectors with other very common (but attractive and
interesting) notes that a beginner might encounter
ITe inside back cover is the grading guide which has been
adopted by the International Bank Note Society.
The book includes some surprises for everyone. Every copy
includes some actual modern paper money! These notes were
carefully selected to demonstrate many aspects of paper money
production and collecting. They will be useful while reading
the booklet or for starting a collection. Materials are also in-
cluded about membership in the major collectors' associ-
ations.
To top off all the other features, a small group of more valu-
able notes have been mixed in the group as well as gift certi-
ficates and other surprises. Some of these individual prizes are
worth $100 or more!
This booklet is the third of a series being produced as a
public service by the PCDA. The first. Uni fed States
Obsolete Notes, by Gene Hessler, was released in 1991. The
second. The Wonderful World of Paper Money, by Neil Shafer, was
released in 1992. Codeamg World Paper Mone}^ is the first for
1993. Another will be released later this year.
Paper Money Whole No. 166
Page 207
The association also publishes a membership directory with
information about each member dealer Tliis pamphlet is
available by writing to the association.
The Professional Currency Dealers Association sponsors a
major paper money show and association convention each fall
in St, LouiSx Missouri, The show is a full feature event with
educational and social events as well as commercial activities.
The show has exhibits and educational programs as well as a
paper money bourse and a major auction. Inquiries about the
show may be directed to the general chairman, Ronald
Horstman, at Box 2999, Leslie, MO 63056,
All of the booklets are available from PCDA members or by
writing directly to the PCDA at Box 573, Milwaukee, W1 53201.
Please include $2 for each booklet ordered. Also available at no
charge is a membership directory of the PCDA.
Call for Nominations for 1994
The following governors' terms expire in 1994: Michael Crabb,
Jr., C. John Ferreri, Robert R. Moon and Stephen Taylor. If you
have suggestions, or if the preceding governors wish to run for
another term, please notify Bob Cochran, Secretary of the
SPMC. In addition, candidates may be placed on the ballot in
the following manner:
(1) A written nominating petition is submitted, which has
been signed by ten current members;
(2) An acceptance letter from the person being nominated
is submitted with the petition;
(3) Any nominating petitions (and accompanying letters)
MUST BE RECEIVED BY THE SECRETARY BY
FEBRUARY 1, 1994.
Biographies of the nominees and ballots for the election will
be included in the March/April 1994 issue of PAPER MONEY
The ballots will be counted at Memphis and announced at the
SPMC general meeting held during the International Paper
Money Show.
First-time nominees should send a portrait and a brief biog-
raphy to the editor, Gene Messier. Unless new information is
sent, the editor will use the same ponraiis and biographies of
those who seek another term as governor as were used in the
past.
CALLING ALL EXHIBITORS!!
The Society of Paper Money Collectors counts among its mem-
bership some of the most prolific, accomplished AND award-
winning exhibitors in the entire field of numismatics!
Those of you who exhibit at the ANA, Memphis, St. Louis
and other shows are invited to "display your exhibit" in the
pages of PAPER MONEY.
If youve written text to go along with your display, then
youVe almost done with an article! All you need to furnish with
the double-spaced text are black and white photographs that
will illustrate your exhibit article. Unless absolutely necessary,
send no more than six photographs.
The SPMC will reimburse you for REASONABLE— REPEAT,
REASONABLE-costs of photography when the subjects are
used for an article submitted to PAPER MONEY Quality 3x5
photographs that cost about $1 each, or less, will suffice. The
photographs will be returned to you after the article is printed.
There are many, many SPMC members who regularly exhibit
at shows. Yet we all recognize that many other SPMC members
aren't able to attend these shows. Wouldn't it be nice if your ex-
hibit could be viewed and enjoyed by all SPMC members?
Judging from the exhibits I see every year in Memphis and St.
lx>u]S, the follow-up effort to convert our members' exhibits
into articles would be minimaL
PLEASE consider "exhibiting" in the pages of PAPER MONEY
Share your collection with all SPMC members!
BEP Employees Help Victims of
the 1993 Mississippi Basin Flood
Bureau of Engraving and Printing employees have volunteered
to produce and sell a souvenir card to benefit victims of the
Mississippi Basin Flood. Employees are donating their time,
labor, skill and expertise to produce this special fund-raising
souvenir card. Proceeds from the sale of the cards will be do-
nated to relief agencies helping flood victims. Employees of the
Bureau are not alone in this effort. Other organizations are
donating their time and resources for the production, mar-
keting and sale of this beneficial card.
The Souvenir Card
The background of the Mississippi Flood Relief card is a
reproduction of an original piece of art showing the Eads
Bridge which spans the Mississippi river at St. Louis. The scene
is entitled "Mississippi River Bridge" The design was taken from
an admission ticket to a political convention which was held in
St. Louis in June 1896. In the lower corner of the card is a vign-
ette, identified only as '"Southern Freight Steamer!" The en-
graving was completed in 1926 by Joachim C. Benzing and was
used for the face of a Farm Loan Bond.
Terms of Sale
The card will be available for sale at the Visitors Center of the
Bureau of Engraving and Printing and through the mail. They
will be sold for SIO over-the-counter and for $12.50 through
the mail.
Information Needed About
Small-Size United States and
Federal Reserve Notes
As a scientist 1 would like to advance the research of small-size
$2 currency (single notes, cross-over pairs, uncut sheets, etc] by
generating a database, and then publishing the findings on $2
U.S. Red Seal and $2 Federal Reserve Green Seal notes.
I'm asking for the assistance of PAPER MONEY readers in
gathering information about the aforementioned note(s).
Please provide a complete description of the note(s) such as:
serial number, face and back plate number, block, series, grade,
and any other descriptive information. Previously unreported
mules or notes should be verified by either a photograph or
photocopy All attempts to keep the owner's anonymity will be
made.
Please send the information to; Brian E. Cohen, PO. Box
5222, Toledo, OH 43611.
Page 208
Paper Money Whole No. 168
NEW MEMBERSHIP COORDINATOR
Ronald Horsiman
P.0, Bolt 601 1
Sr. Louis. MO 63139
NEW
MEMBERS
mon^
mairt
8460 Robert Malleti 2 Fenway Si„ WiJminglon, MA 01887; C
8451 William Lassig, 1173 Cross, New Braunfels, TJ( 78130-5819; C.
U-S, currency.
8462 Fernando Forte, Rua Guilherme Henschel 399, CEP
04826-130, Sao- Paulo, SP. Brazil; C, Brazilian obsolete notes.
8463 Arthur Henrick, 346 Roosevelt Ave., Sunnyvale, CA
94086-4438; C, U.S. stale federal notes.
8464 GregD. Ruby, Box 728, Hampstead, MD 21074-0728; C, LLS. &
MPC
8465 Patrick J Granigan, 3104 S. Lakeshore Dr., St. Joseph, Ml
49085; C, obsolete notes.
8466 Joseph M. DeMeo, PO. Box 9 87/# 47, Valley Forge, PA
19482-0987; C, $2 notes & obsolete notes.
8467 Gat)' L McDonald, RO. Box 67, Cameron, NY 14819-0067; C,
U.S. currency.
8468 Erling Butts, 615 N. 6th St., Missouri Valley, iA 51555; C, U.S.
currency.
8469 H.J. van Reijen, PO Box 249, St. Peter Port, Guernsey C.I.,
Great Britain.
8470 Michael j. Callan, Box 667, Hot Springs, SD 57747; C, U.S.
currency.
8471 Nolan C. Bishop, PO Box 714, Graham, 19C 76450; C Large-
size notes,
8472 M.S. Carbonaro, P.O. Box 1792, jamestown, CA 95327.
8473 Hal Guthrie, 7056 Country Oaks Dr., Souihoun, MS 38671; C.
8474 jerry White, 8251 Richland Rd. Rt. 2, Columbia, MO
65201-9696.
8475 George S.D. Cheng, 167-71 Qingyun Road, Shanghai 200081,
China.
8476 N.A. Magnuson, 918 South l3Sth St., Seattle, WA 98168; C.
8477 Mary E, Volk, 4332 Fairfield Rd., Chippewa Falls, WI 54729; C.
8478 John M. Bevilacqua, 81-25 Surrey Place, lam aka Estates, NY
11432-1434,
8479 Richard C. Hayes, 6612 Sherrod Dr,, Fayetteville, NC 23314;
C&D, World notes.
8480 Richard Pugh, Box 267, Williamsburg, I A 52361.
8481 Roger Moulton, 3703 Waltham Ct., Yardley, PA 19067; C, TX
NBN.
8482 Jack H. Henley, Rt. 2 Box 402A, Simon, TX 78387; C.
8483 Robert W. Dunn, 7678 Brownsway Rd,, Conway, SC 29527;
C&D, obsolete notes.
8484 Hope Woifgram, 1401 Ktlaga Springs, Lincoln, CA 95648.
8485 Stephen R. Bales, 2 Fairway Rd., Asheville, NC 28804; C&D,
all currency.
8486 William I. Siratemeyer, 9402 Dawnvale Rd„ Baltimore, MD
21236; C, Foreign & frac, notes.
8487 Bernhard Wilde, PO Box 1001, Los Alamos, NM 87544; C, U.S,
& World.
8488 Charles J. White, 8376 Cypress Lane, Florence, KY 41042; C.
8489 Chris Venner, 1461 Summer St. #B, Eureka, CA 9.5501; C, Lg.
size notes.
Paper Money will accept classified advertising from members only on a basis of
154 per word, with a minimum charge of 33.75. The primary purpose of the ads
is to assist members in exchanging, buyiirg, selling, or locatiirg specialised mate-
rial and disposing of duplicates. Copy must be non -commercial in nature. Copy
must be legibly printed or typed, accompanied by prepayment made payable to
the Society of Paper Money Colleaors, and reach the F.ditor, Gene Messier, RO.
Box SU7, St. Louis, MO 63156 by the first of the month preceding the month of
issue [i.e. Dec. 1 for I an ./Feb. issue). Word count: Name and address will count
as five words. All other words and abbreviations, figure combinations and initials
count as separate. No check copies. 10% discount for four or more insertions of
the same copy. Sample ad and word count.
WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade
for FRN block letters, $1 SC, U.S, obsolete, John W. Member, 000 Last
St., New York, N.Y, 10015.
{22 words: $2; SC: U.S.: FRN counted as one word each)
OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates
$4.95. Also buy! Ken Prag, Box 531 FM, Burlingame, Calif, 94011. Phone
{415} 566-6400. (182)
STOCK CERTIFICATE LIST SASE. Specials: 100 different S3l; five lots
$130. 20 different railroad stocks, mosdy picturing trains, $30; five Jots
$125. Satisfaction guaranteed. Always buying, Clinton Hollins, Box
112P, Springfield, VA 22150. (172)
WANTED: ADVERTISING BANKNOTES for dentists, veterinary,
chiropractors, patent medicines {not Morse's Pills). Facsimile or over-
printed notes. Interested in d mgs tore script. Ben Z. Swanson, Jr, 616
Sou th H a nover Street B a 1 ti more, M a ry Ian d, 2 1 2 3 0-3 821 . (1^3)
WANTED: LARGE SIZE NATIONAL CURRENCY from Cherokee,
Oklahoma and Grand Rapids, Minnesota for personal collection, Sid
Moore, P,0. Box 57, Cohasset, MN 55721. (168)
OHIO NATIONALS WANTED, Send list of any you have. Also want
[.Dwell, Tyler, Ryan, Jordan, O'Neill. Lowell Yoder, P.O.B. 444, Holland,
OH 4352S, 419-865-5115. (170)
STATE NOTES WANTED: New jersey-Monmouth County obsolete
bank notes and scrip wanted by serious colleaor for research and exhi-
bition. Seeking issues from Freehold, Monmouth Bank, Middletown
Point, Howell Works, Keyport, Long Branch, and S, W. & W, A. Torrey-
Manchester. Also Ocean Grove National Bank and Jersey Shore memo-
rabilia. N,8. Buckman, P.O. Box 608, Ocean Grove, N,J. 07756.
1-800-533-6163. (171)
Cuntersville, Tucson, Daytona Beach, Honolulu, Zeigler, Mishawaka,
Anamosa, Goff; Hodgenville, Skohegan, Braintree, Ludington, Yazoo
City, Reno 46 states. Free list (specify state). Apelman, Box 283,
Covington, LA 70434. (169)
lACK FISHER BUYING AND PAYING COLLECTOR PRICES for
Michigan First Charter Nationals, all Kalamazoo, Michigan notes.
Second and Third Charter $100 all States, 1935 Canada $500 and
$1,000. Jack Fisher 3123 Bronson Boulevard, Kalamazoo, MI 49008.
WANTED FOR PERSONAL COLLECnON. Any note from the North
Geoiigia National Bank of Blue Ridge, Charter NR: 6079. Lewis B.
Nunnally Jr., 84 South Lawin Ave., 1104 Quezon City, Philippines.
POLAND, RUSSIA, POW, BALTIC STATES, Germany, POW, Europe,
world banknotes. Buy, sell, trade. Free price list. Tom Sluszkiewicz, P.O.
Box 54521, 7398 Edmonds, Burnaby B.C„ Canada V3N 1A8, (171)
Paper Money Whole No.
Page 209
Realize
the best prices
for your paper money
ipit imirH Mm i iirr pPL^ LlidiJUUUi
f owith
\J the world’s
most successful
auction company—
Auctions by Bowers and
Merena, Inc. Wlicn you consign
your collection or individual important
items, you go witli a firm with an
uneqiialed record of success!
0 \ver the years we
have handled some
of the most important
paper money collections
ever to he sold.
Along the way our auctions liave
garnered numerous price records for
our consignors. Indeed, many of our
sales establish new price records on an
ongoing basis.
mm/
r F done for others,
we can do for you.
Teleplione Dr. Richard Bagg
today, or use the coupon
provided. Either way, it may be
the most pnifitable move you have
ever made I
Tfiis “Second Charter Period “ $20 Nation fd Bank Note
^radin^ Fine ta Very Fine sold for a phenomenal
$ 5,500 in one of our recent sates.
M hinking of selling
M. your collection or de-
sirable individual notes?
I OcarRickBagRi
I Please tell me how I can include my paper
I money in an uixomlng auction. I understand
s that all information will be kept confidential.
Riglit now we arc accepting con-
signments for our next several New
York City and Los Angeles sales, or our
annual Florida United Numismatists
sale. Your call to Dr. Richard Bagg, OL
rector of Auctions, at \S0045S4646
will bring complete information con-
cerning how you can realize the best
price for your currency, in a trans-
action wliich you, like tliousands of
others, will find to be profitable and
enjoyable.
ADDRESS
ST.STE
□ [ am thinking about selling. Please contact me.
URIEF DESCRimON OF IIOLOircGS
OAmM E TEJ?! tONE NU.^tllER
Afiions by Bowers and Merena, Inc
' ^ 1224 • Wolfcboro, NH 03894
I jcSifee: 1-800458-4646/ In NH: 1-603-569-5095/ Fax; 1-603-569-5319
Page 210
Paper Money' Whole No. 168
SUPERB
imXED STATES CIJRRE]\CY
FOR SALE
BOOKS FOR SALE
PAPER MONEY OF THE U.S. by Friedberg.
13!h Edition. Hard Bound-
$17.50 plus $2.50 postage. Total Price. $20.00
COLLECTING PAPER MONEY
FOR PLEASURE AND PROFIT by Barry Krause
Includes a complete history of paper money.
Much information on U.S. and foreign paper
money- Soft Cover. 255 pages.
$14.50 plus $2.50 postage. Total Price. $17.00.
COMPREHENSIVE CATALOG OF
U.S. PAPER MONEY by Gene Hessler
5th Edition. Hard Cover.
$29.50 plus $2.50 postage. Total Price. $32.00.
CONFEDERATE AND SOUTHERN
STATES CURRENCY by Grover Criswell Jr.
4th Edition. Hard Cover. 415 Pages.
$29.50 plus $2.50 postage. Total Price. $32.00
NATIONAL BANK NOTES by Kelly.
2nd Edition. Hard Cover. Lists all national
bank notes by state and charter number.
Gives amounts issued and what is still
outstanding- 435 pages.
$31.50 plus $2.50 postage. Total Price. $34.00.
Stanley Morycz
P.O. BOX 355, DEPT. M • ENGLEWOOD, OH 45322
513 - 898.0114
Paper Money Whole No. 168
Page 211
WANTED TO BUY
Collections, lots, accumulations, singles. U.S., obsoletes, stock ceftificates, checks, counterfeit detectors, historical dxuments, foreign currency,
U S. coins, medals, tokens. I buy it ail— not just the "cream." The various guides are just that— guides. I will pay over "catalog" for what
I want and '"marker for the balance. The "'Proof— the availability of the many rarities I have for sale— came from knowledgeable collec*
tors and dealers who sold them to me for "top prices." Quick confidential transactions with immediate payment— no deal too large.
IOWA NATIONALS
SLACK CHASTER 21 30 S5 Series 1S75. Firsl a( Red Oak. very good to line, margins all
around both sides, decent appearance for grade, ONLV 3 KNOWN (1 in Higgins
museum, other probably nol available for many years). Only Iowa bank io issue black
charters. Call lor price.
SIO 190? Allantic Nal'1. 2762. XF lace/VF back-- 125.
$20 1929 T-1, First Ol 6agiey, 6995, VF, nice majigrns— 125.
m 1882-1908 Bedford Nat'l, 5165, VF^365.
S20 1902 Bedford NaiX 5165, XF, nice margirts— 275.
$20 1902-1906 First of Burlington. 351 . VG-135.
$20 1902 ABRAM RUH of Casey, 8099. VF-375.
$20 1 902 Cedar Rapids Nat'L 3643, Choice AU— 235.
$1 0 1682 VALUE BACK. Chanton Natl 6014. VF-^95.
SI0 1902 Chariton And Lucas Couniy of Chariton, 9024, GEM-650.
S20 1902 Same bank. GEM-7S0.
S20 1902 Same bank, Unc, ctose [op-350
S5 1871 Original, First of Charles CUy, no charter (1610). VG, small repairs— 235.
S5 Senes 1875, Firs! Of Chaiies City, 1810, Choice Unc with tovely blue lop ^fibers) vtbrani
odors and signatures— 1950.
S10 Senes 1875, City ol Clinton, 2469. GEM UNC with nice colors and margins, signed by
Afass'l) Cash, and Vfvice) Pres.. UNLISTED! H-0 lisrs '^irst Charter. Originat Issue"
but not Series l875-45cb.
S10 1882-1908 Oty of Clinton, 2469, AU with nice colors and margins— 575,
S20 1882 VALUE BACK City Of Clinton. 2469, XF-1 275.
S10 1902 Merchanis of Clinion. 3736, Qtoice Unc.— 495.
$20 1902 Same bank, VF. nice margins alt arourKl both sides-145.
Si 0 1902 Okey’ Vernon d Coming, 8725, Fine— 95.
S20 1929 T‘2. First m Councd KuHs. 14028. F-VF-95.
S10 1902 Creston Nall 2833. VG, nice margins-1 10.
S20 1929 T-1 , Firsl in Creston, 12536. XF-99.
S20 1929 T-2. Same Bank, Fine-95.
SIO Series 1875, Ciiizens of Davenpon, 1671. UNC, decenl margins sades and bottom but
top cul uneveniy wilh shears dipping into maigin at cen1er-2450.
$20 1902-1903 Iowa of Davenport, 4022., Fine- 125.
$20 1882 Brown Back, First of Demson, 4784, VF— 550,
SI0 1082 Brown Back, Cilrzens od Des Moines, 1970. VG, also postcard wilh picture of
Citizens National Bank Bldg.— 350.
SI0 1882-1008 Des Moines Nall 2563, Fine- 195,
SB 1082 VALUE BACK, same bank. VG-19S
$20 1902 Same bank. VG-49,
$5 1902 Iowa Nationaf of Des Moines. 2307. VG. lop right ctKner gone —25.
$10 1902 Same bank, AU, fevender signatures- 245.
$10 1929 T-1 lowa-Des Moines NaM Bank & Trusl, 2307, XF^19.
$5 1902 Valley Nail of Des Monies. 2886. Gem Unc except top right corner close, no
signatures— 375.
$10 1902 Same bank, pen 5 ink signatures, Cmwford as V. President, M. Dverprtnt,
VF-59
$10 1902 Same bank, printed Sigs. (Crawford as President) no "M" overprint, GEM
UNC-S75.
$20 1002 Same Bank, Choice AU, “M" overprint, rvo sigs— 169,
$20 1929 T-1 Same bank. desiraMe #424 (radar ff). Choice AU— 149
$20 1802 VALUE BACK. 5934. XF-1 450
$10 1902-1908 First of Elliott, 6857, VG, nice margins all around both sides— 215.
$20 1082 VALUE BACK, Commercial of Essex, 5803, Choice Unc. sides and boRom mar-
gins wide, top dose in center-2950.
S20 1929 T-1 First of Essex, 5738, Rne-125.
$5 1902 First Ol Fredericksburg. 10541, Unc. with ruce marglns-450.
$20 1082 Brown Back Mills County ol (ifenwood, 1862, F-VF, bold pen sigs— 750.
$10 1902 Griswold Natl, 8915, VG-149,
$20 1902-1900 Citizens Ol Hampton, 7843, VG, bold pen sigs.— 95
$20 1902 Peoples of Independence, 2137. Choice AU— 275.
$10 1902 Exchange ol Leon. 5409. Choice Unc— 495
$20 1082 Brown Back. First of Lenox, 5517, F-VF. nice margins aU around— 425.
$5 1802-1908 Firsl of Lenox, 5517, VF~295.
$20 1929 T-1 same bank, serial #36, Fine— 1 25.
$20 1029 T-1 Firsl of Missouri Valley, 3189, VG— 95.
$5 1883 VALUE BACK, First Of New Hampton, 2588. AU-1750.
$10 1902 Firsl of Logan. 6771, VG- 125.
$20 1902-1900 First Of Logan. 6771, VFA^G-165.
$2 1665 ORIGINAL SERIES. First of Newlon, 850 OVERPRINT, Good (legible), margins ail
around bul slighlly kiegular, etc —895 ,
$20 VALUE BACK, Rrst of Oetlwein, 5776. Choice AU 1950.
$20 1832 Brown Back. Guthrie County of Panora, 3226. VGfG, strong sigs., back
washed"— 225
$10 190i2 First of Prescott. 5912, Fine— ISO.
$10 1902 Firsl of Randolf, 7833, VF-250,
$1 1673 ORIGINAL SERIES, First of Red Oak, 2130 OVERPRINT, XF, nicecofors. broad
margins all around both sides— 985.
$10 1 902 Red Oak Nall 3055. VG, strong sigs.- 1 25.
$20 1902 same bank. Fine, same sigs- 1 50.
$20 1929 T-1 Firsl d Red Oak, 2130, VF-7S.
$10 1082 Brown Back, Rrst of Shenandoah. 2363, acquired as "VG" (I grade ll at>oul
Goocf)— 375.
$10 1902 Shenadoah Natl, 2679, VG-175
$20 1902 same bank. 3679 VG-225.
$20 1929 T-1. Shertandoah Nal'L 12950, VG-75.
$10 1902 Frs! Of Sioux City, 1757, Very Choice AU. nice cotors, margins, sigs.— 150,
$100 1602-1900. Live Stock of Sioux City. 5022, XF, nice colors and margins all around
both sides, bold sigs , popular "lype'’-2750.
$30 1929 T 1 , First Of Stanion. 6434. VG-235
$20 1902 First ol Sumner, 0198, VFXF, nice margins alt around bcfh sides, bold
$10 1902 Fust of Tabor, 4609, Very Choice AU, bold green ink sigs.— 595.
$20 1902 Frslol Traer, 5135, Fine- 175.
$5 1875 SERIES, First Of Vdto. 2766. VF^F, bold sigs -750.
$20 1902-1908 Vta Natl 7506, Fine-195.
$20 1929 T-1 ViscaNail 7506, Firve-125.
$10 1921 T 1 First ol Waverly. 3105, Choice Unc-150.
$5 1875 SERIES, Ciiizens of Wintersei, 2002 (RADAR CHARTER— same forward and back-
ward), VF-XF, bright colors, bofd sigs— 750.
$20 1929 T-1 Citizens ol Winierset, 2002 (RADAR CHARTER) F/VG-95.
$30 1902 First d Woodbine, 4745, Very Choice AU, nice colors and margins, bold violet
sigs-47S.
IOWA OBSOLETE CURRENCY
$1 1337 The Dubuque Western Rail Road Compy., Dubuque, VF— 95.
$5 1857 Same issue, VF— 95.
SIO 1857 Same issue. "X" irtsiead of numeral as above, AU-123.
S3 1 858 The Dubuque CanUal Improvement Company, Ur>c.— 75.
Si 1856 Treasurer of Lyons Ciiy. Unc but tip of lower right gone-50,
$2 1859 Same cssue, UNC, tiny punchhole (cancef?)— 95.
$5 1850 Same issue, AU— 95.
$1 1857 NEBRASKA TERRITORV. The City ol Omaha, VF-35.
Satisfaclton Guaranteed— 15 day return privilege— please incEude $5 for postage/insurance etc. on orders under $200. Nationals on all states
and some Territories available— Black Charters, CAL, Nat I GOLD BANKS $5 -SI 00{S50 & $100 Kidder Nat I GOLD BANK color Specimens also)—
U.S, 1815-1861-65 Interest Bearing' 1861 Demand- 1862- 1923 LegalsSI to $100 (have $100 1862, etc)-1878“1923 (yeshavetriplesigs,)—
Coin Notes-1 91 5-1 8 FRBN $1 -1, 000- 191 4 FEDS-GOLD NOTES 1866- 1922 $10-1 ,000 (1866 $100 UN IQUE,ela)-SM ALL SIZE {F-1 700,
2308, etc). Star Numbers, Errors, Inverts. Low Numbers. Send v^ant list I do nT claim to have the 'largest stock" ol currency but 1 do claim to
have handled over 95% of the currency listed In Frdbg (in the last 50 years or so) and occasionally I recycle some. Stock kept in bank vaults.
Open by appointment,
A.M. KAGIN Collector Since 1928; Professional Since 1933
910 Insurance Exchange Bldg, PNG #14, A Founding Charter Member; Past Pres, 1964-6
Des Moines, Iowa 50309 ANA Life Member 103, Governor 1983-87
(51 5) 243-7363 50 Year Gold Recipient 1988
Page 212
Paper Money Whole No. 168
New R-7 Books!
The Comprehensive Catalog of United States Paper Money Errors is the
only complete reference book on one of the most popular categories of
paper money collected today. Frederick J. Bart is a veteran collector of
error notes. He has collected error noies^ information, and photographs for
the past ten years and brought them together in this new book which is
likely to become a standard reference. It includes features which will be of
interest to beginners and advanced collectors. More than 300 different
notes are listed, described, illustrated, and valued. All major types of U.S.
paper money including fractional notes and even military payment certifi'
cates are covered. An innovative rarity scheme is presented for silver
certificates and Federal Reserve notes. Bob Leuver, former director of the
Bureau of Engraving and Printing, provides an insightful foreword for this
interesting book.
hardbound $35,00
soft bound $25.00
special collectors edition $95,00
Gene Hessler's masterpiece is now ready: The Engravers Line, an Encyclo-
pedia of Paper Money and Postage Stamp An,
This is the first major composite listing of designers and engravers
of bank notes and postage stamps; there are over 500 pages and illustra-
tions. Encyclopedias and histories of artists, sculptors and engravers rarely
acknowledge most of the men and women listed here. Some of the most
beautiful bank notes were designed or engraved by major American anists
such as F. O. C. Darley, Asher B. Durand, Will Low, Waiter Shirlaw and
Kenyon Cox. But their paper money designs are seldom mentioned in art
studies even though these designs were seen and handled by more people
than ail of those who saw their work in galleries and an museums. For the
first time collectors and art lovers will have access to lists of bank notes
(and postage stamps) by the artists included here.
The Engraver’s Line, regular deluxe edition
collectors' edition
Other important books:
College Currency; Money for Business Training
$95.00
Your satisfaction is guaranteed. Please
include $3 per order for shipping.
The Comprehensive Catalog of US. Paper Money
softbound
$30.00
hardbound
$40.00
132 East Second St,
US. Essay, Proof and Specimen Notes
$27.50
Port Clinton, Ohio 43452-11 1 5 04
Collecting World Paper Money (from Pcda by Lance Campbell)
The Wonderful World of Paper Money (from Pcda by Neil Shafer)
$2.00
$2.00
phone or fax 800 793-0683
Paper Money Whole No. 168
Page 213
EARLY
AMERICAN
NUMISMATICS
* 619 - 273-3566
We maintain the
LARGEST
ACTIVE INVENTORY
COLONIAL &
CONTINENTAL
CURRENCY
SPECIALIZING IN:
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o Colonial Currenq^
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Coins
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SERVICES:
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Development
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Coverage
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619 - 273-3566
Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS
TOAOOlNKa
101 TREMONT ST., SUITE 501
BOSTON, MA 02108
James E- Skalbe
(617) 695-1652 Russell R. Smith
MEMBER:
ANS, ANA, SPMC, CNA, SCPMC,E AC,NENA,CWTS,ASCC, SAN,APS,MAS, APIC,FUN,ETC
Page 214
Paper Money Whole No. 168
IJintD STiTK^MRi » ^
V205926E
0) P ^
R 6579
BUYING and SELLING
PAPER MONEY
U.S., All types
Thousands of Nationals, Large and Small,
Silver Certificates, U.S. Notes, Gold Cer-
tificates, Treasury Notes, Federal Reserve
Notes, Fractional, Continental, Colonial,
Obsoietes, Depression Scrip, Checks,
Stocks, etc.
Foreign Notes from over 250 Countries
Paper Money Books and Supplies
Send us your Want List ... or ...
Ship your material for a fair offer
LOWELL C. HORWEDEL
P.O. BOX 2395
WEST LAFAYETTE, IN 47906
HARRY
IS BUYING
NATIONALS — LARGE
AND SMALL
UNCUT SHEETS
TYPE NOTES
UNUSUAL SERIAL NUMBERS
OBSOLETES
ERRORS
HARRY E. JONES
PO Box 30369
Cleveland, Ohio 44130
216-884-0701 JJS
S PMC #2907
ANA LM #1503
Nobody pays more than Huntoon for
ARIZONA & WYOMING
state and territorial Nationals
Nobody pays more than Huntoon for
ARIZONA & WYOMING
State and territorial Nationa s
I COLLECT
MINNESOTA OBSOLETE CURRENCY
and NATIONAL BANK NOTES
Please offer what you have for sale.
Charles C. Parrish
RO. Box 481
Rosetnount, Minnesota 55068
(612) 423-1039
SPMC 7456 - PCDA - LM ANA Since 1976
Peter Huntoon
P.O. Box 3681
Laramie, WY 82071
(307) 742-2217
Paper Money Wjfio/e No. 168
Page 215
MYLAR D CURRENCY HOLDERS
This month I am pleased to report that alt sizes are in stock in large
quantities so orders received today go out today. The past four
years of selling these holders has been great and many cotlections
I buy now are finely preserved in these. For those who have not
converted, an article published this past fall in Currency Deafer
Wews/erter tells It better than I can. Should you want a copy send
a stamped self-addressed #10 business envelope for a free copy
Prices did go up due to a major rise in the cost of the raw
material from the suppliers and the fact that the plant workers want
things like pay raises etc. but don't let a few cents cost you hun-
dreds of dollars. You do know — penny wise and pound foolish.
SIZE INCHES 50 100 500 1000
Fractional 43/4x23/4 $15 00 $28.00 $127.00 $218.00
Colonial 5V3X33/is 16.50 30.50 138.00 255.00
Small Currency 6Vax2^/fi 16.75 32.00 142.00 265 00
Large Currency 20.00 36.50 167,00 310.00
Check Size 9 &/bx4V4 25.00 46.00 209.00 385.00
Baseball Card Std 2^hx3^h 14.50 26.00 119.00 219,00
Baseball Bowman 2 Vbx 4 15.50 28.00 132.00 238.00
Obsolete currency sheet holders 8^/4 x 14. $1.20 each,
minimum 10 Pcs.
National currency sheet holders 8V?x17V2, $2.50 each
side open, minimum 10 Pcs.
SHIPPING IN THE U.S. IS INCLUDED FREE OF CHARGE
Please note: all notice to MYLAR R mean uncoated archival
quality MYLAR R type D by Dupont Co. or equivalent material
by ICI Corp. Melinex type 516.
DENLY’S OF BOSTON
P.O. Box 1010 617-482-8477 Boston, MA 02205
800-HI-DENLY FAX 617-357-8163
CANADIAN
BOUGHT AND SOLD
• CHARTERED BANKNOTES.
• DOMINION OF CANADA.
• BANK OF CANADA.
• CHEQUES, SCRIP, BONDS &
BOOKS.
FREE PRICE LIST
CHARLES D. MOORE
P.O. BOX 1296P
LEWISTON, NY 14092-1296
(416) 468-2312
LIFE MEMBER A.N.A. #1995 C.N.A. #143 C.P.M.S. #11
BOOKS ON PAPER MONEY
Arkansas Obsolete Notes & Script, Rothert $12
Florida, Cassidy (Ind nmls & obsolcie) J29
Indiana Obsolete Notes & Scrip, Wolka ... $22
Indian Territory/Oklahoma/Kansas Obsolete Notes & Scrip,
Burgetl and Whilfield ... $2C
Iowa Obsolete Notes & Scrip, Oakes $20
Minnesota Obsolete Notes Strip, Rockholt $20
Pennsylvania Obsolete Notes & Sciipi Hoober $35
North Carolina Obsolete Notes, Pennell rpiU $ 10
Rhode island & The Providence Plantations Obsolete
Notes & Scrip, Durand $25
Territorials— US Territorial National Bank Notes, Fluntoon S20
Vermont Obsolete Notes & Scrip, Coulter S20
National Bank Notes, Hickman & Oakes 2nd ed $95
US Obsolete Bank Notes 1782-1866, Haxby 4 vol. $195
Early Paper Money of America, 3rd ed., Newman $49
Depression Scrip of the US 1930s .... . . . , $27
World Paper Money 6th ed., general issues $49
World Paper Money 6th ed., specialized issues $55
Confederate & Southern States Bonds, Criswell S2S
Confederate States Paper Money, Slabaugh $9
Civil War Sutler Tokens & Cardboard Scrip, Schenkman $27
10% off on five or more books • Non-SPMC members add: $3 for one book, $5 for two books, S7 for three or more books
CLASSIC COINS — P.O. Box 95-Allen, MI 49227
IUNil>S I^LU
BARRY WEXLER, Pres. Member: SPMC, PCDA, ANA, FUN, GENA, ASCC (914) 352-9077
P.O. BOX 84 • NANUET, N.Y 10954
/ CiTT T TIVT/^ OBSOLETE CURRENCY, NATIONALS
£JU Y IIN VJ / \3 1 UNCUT SHEETS, PROOFS. SCRIP
Page 216
Paper Money Whole No. J63
Montana Wanted:
Buying obsoletes, ad notes, mining scrip,
fraternal scrip, depression scrip,
clearing house certificates, etc.
(nearly anything fiscal from Montana)
Also National Currency from
Hamilton and Stevensville only.
Douglas McDonald
Box 350093, Grantsdale, MT 59835
ANA LIFE MEMBER • MEMBER MANUSCRIPT SOCIETY
Million Dollar
Buying Spree
Currency;
Nationals
Lg. & Sm. Type 1
Obsolete 1
MFC
Fractional
Foreign
Stocks • Bonds • Checks • Coins
Stamps • Gold • Silver
Platinum • Antique Watches
Political Items • Postcards
Baseball Cards * Masonic Items
Hummels * Doultons
Nearly Everything Co//ecfib/e
*FOR*
COMPLETE I
Iriti
EST. mo
399 S. State Street * Westerville, OH 430S1
1-614-882*3937
@ 1*800-848*3966 outside Ohio
Jrtterestmg^^
C. Keith Edison
715 - 926-5001
ABOUT CHRISTMAS
by Roger H, Durand
This liberally ill us i rated book is full of interesting facts about Santa
Claus and banking. It contains never before published information
about newly discovered vignettes and bank notes and scrip. U traces
the history of Christmas and Santa Claus as it pertains to banking.
There are over forty different Santa Claus notes iilusirated in this
book. Many unique notes are pictured for the first time anywhere.
A complete refund if you are not satisfied for any reason.
THIS BOOK IS LIMITED TO JUST 300 NUMBERED COPIES
$22.95 pp
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Standard Catalog of United States
Paper Money, I2th Edition
Chester Krause and Robert Lemke; Robert Wilhite, Editor
208 pages, 8-1/2”x11*’, 550 b&w photos, hardcover,
$21.95
The most comprehensive, up-to-date, illustrated guide to U.S.
paper money from 1812 to date
• Complete coverage for 175 years of official paper money circulated
by the Federal Government
• Listings for rrwre than 5,500 currency items
• Over 14,000 market values and over 550 photos
• Grading guide provides common-sense definitions
• In-text cross references of Krause / Lemke and Friedberg numeric
systems
• Historic and economic background information for each bank of
issue
• Identification of all portraits in addition to the actual illustration
provided - for accurate identification and enhanced knowledge
Every paper money collecting specialty is listed:
• “Authentication Guide" identifies large size counterfeit issues
• Pre-Civil War U.S. Treasury Notes
• All Large Size Note Series • Fractional Currency
• Postage Stamp Envelopes • Military Payment Certificates
• Encased Postage Stamps • Philippine Island Notes
Now Available
Standard Catalog of World Paper
Aloney, 7th Edition. Volume II, General Issues
Albert Pick, Edited by Colin Bruce II and Neil Shafer
1,200 pages approx., 8-1/2"x11*', 10,000 b&w photos, cloth,
$55.00
This revised and thoroughly expanded Volume II of General Issues
will enhance its reputation as The" reference book for nationally
circulated government legal tender over the last 300 years. Major
coverage encompasses the 18th through 20th centuries. More than
22,000 notes are listed. You'll find over 10,000 illustrations to facilitate
quick and accurate attribution of the issues. The 7th Edition is the
most complete and accurate reference available for these nationally
circulated legal tender Issues from around the globe. Includes over 50
new notes on emerging nations since the breakup of the USSR, such
as Estonia, Lavlta, Lithuania, Bosnia-Herzegovina Macedonia and
other new republics.
Available December 1993
Mail tbith payment to:
Krause Publications
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